Neo Performance Materials reports strong financial results for the most recent year with its Magnequench unit, considered a bellwether for the magnetics industry, rebounding dramatically in both sales volume and revenues amidst an environment of […]
WEG, the Brazilian maker of industrial motors, generators and impregnation materials, plans to build a new electric motor factory in Santo Tirso, Portugal in concert with its expansion in Europe. In other recent developments, it […]
With financing of all three project phases now in place, a total of 277 giant permanent-magnet turbines from GE Renewable Energy are destined to harvest energy from the wind at Dogger Bank in the North […]
Targeting the growing electric vehicle market and electrification market trends, Worthington Industries has bolstered its steel processing business with the acquisition of global lamination manufacturer Tempel Steel for $255 million. Tempel makes motor and transformer […]
With its acquisition of Ramco Electric Motors, Arnold Magnetic Technologies has expanded its capabilities to manufacture fully engineered motors and components while adding strong relationships with important customers in strategic markets. Already a leading global […]
MP Materials Corp. has been awarded a $35 million contract through the U.S. Department of Defense (DoD) Industrial Base Analysis and Sustainment Program to support the construction of a commercial scale processing facility for heavy […]
Saietta Group, a fast-growing developer of permanent-magnet axial flux motors for e-mobility OEMS, in two big moves recently has launched Propel, a new division targeting the market for marine propulsion, and also has acquired Dutch […]
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