Materials/Manufacturing

Electrical Steel Maker voestalpine Reports Big Hit from Pandemic but Signs of Recovery as Lockdowns Ease

A massive meltdown in demand for its steel and metal products in almost all countries and sectors due to Covid-19 is reported by voestalpine Group for the three months ending June 30. A key provider of electrical […]

Materials/Manufacturing

Neo Performance Materials Reports 23% Decline in Magnequench Business Due to Pandemic; SAMAG Acquisition Doing Well, says New CEO

Victimized by the global pandemic, business dropped 23% in the first six months of this year for the Neo Magnequench business unit of Neo Performance Materials, widely considered a bellwether of the magnetic materials industry. Revenues for Magnequench dropped to $68.8 million from $89 […]

Magnetics/Assemblies

ZF Sees Sustained Decline in Traditional Auto Business but Acceleration of Shift to Electric Drivetrains

Looking like a standard bearer for top-tier automotive suppliers, ZF is slowly recovering from a staggering drop in business due to Covid-19 while steering a path toward greater use of magnets and magnetic technology as it retools […]

Magnetics/Assemblies

CWIEME Shanghai Rescheduled For 2021

CWIEME Shanghai along with its co-partner and organizer, CCPITECC have recently announced that the event scheduled for July 29-31 has been delayed. “We have been monitoring the situation very carefully,” the organization said. “With the ongoing […]

Magnetics/Assemblies

Aumann’s E-mobility Business Rises but Traditional Areas Plummet as Effects of Covid-19 Hit

Impacts on the automobile business of Covid-19 and the transition to e-mobility are being seen at the order desks of German machinery maker Aumann – and likely others in the worldwide coil winding and electrical manufacturing industry. […]

News

Paramagnetic Sensors from Hummingbird at the Heart of Respiratory Ventilators Battling Covid-19

Unseen but close at hand to patients and medical staff battling Covid-19 are tiny, highly sensitive paramagnetic sensors from Hummingbird Sensing Technology that perform a crucial role inside respiratory ventilators. They can detect and assess paramagnetism, a characteristic […]