Neo Magnequench Facility Named as Top 100 Manufacturer in Tianjin, China

Neo Performance Materials Inc.’s Neo Magnequench facility in Tianjin, China has been named as a “Top 100” manufacturing enterprise in Tianjin by the Tianjin Enterprise Association. 

Tianjin is a major manufacturing and industrial hub in China, with a population of more than 15 million.  With 450 employees, the company’s plant there produces some of the world’s most advanced neodymium-iron-boron (NdFeB) magnetic materials, both in powder form and as compression molded magnets. The facility has produced NdFeB magnetic materials since 1998 and serves customers around the world. 

According to the Tianjin Enterprise Association, Neo’s facility was chosen because of the plant’s sustained net profitability, cutting-edge research and development programs, and continuous improvements made to operational efficiency and employee development. 

“We are honored to receive this important recognition,” said Kevin Morris, chief operations officer of Neo.  “It speaks to the outstanding commitment of our employees in Tianjin to excellence in all that they do, and to their commitment to meeting the needs of our customers around the world.” 

Greg Kroll, executive vice president of Neo Magnequench, added: “I am very proud of what the Tianjin team has accomplished, and this recognition is well deserved.  They have all worked very hard since manufacturing was established more than 20 years ago to continually improve our production operations, product quality, technical development, customer service, and worker safety and employee development programs.  They also have done an outstanding job of staying in the forefront of environmental and safety standards and compliance, a measure of excellence that is important to our customers, our workforce, and to our investors and stakeholders around the world.” 

The materials manufactured at the plant are critical to the rapid growth of high-efficiency micro-motors and sensors used in automobiles, home appliances, industrial automation and other applications since they deliver more power and greater efficiency to them which in turn can reduce operational costs, energy and fuel consumption, and harmful air emissions, the company noted. 

Headquartered in Toronto, Neo Performance Materials develops and manufactures rare earth- and rare metal-based functional materials through its three business segments: Magnequench, Chemicals & Oxides and Rare Metals. It also has corporate offices in Greenwood Village, Colorado, and Beijing. It operates with sales and production across 10 countries being Japan, China, Thailand, Estonia, Singapore, Germany, United Kingdom, Canada, United States, and South Korea. 

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