Holding big new orders from automakers for permanent magnets and planning to build a globally integrated enterprise for magnet and motor component manufacturing, Korean steelmaker Posco International announced on March 18 that it has successfully […]
Aiming to become a vertically integrated mine-to-magnet producer, Australian Strategic Materials reports that it is now steadily manufacturing neodymium metal and alloy at its new Korea Metals Plant, while making progress in the development of its rare earths mine site in Australia. […]
CorePower Magnetics, building upon soft magnetics technologies invented at Carnegie Mellon University and the National Energy Technology Laboratory, is planning to establish a plant in Pittsburgh to manufacture its signature nanocrystalline magnetic cores and power […]
Stellantis NV has announced it intends to increase production capacity of electric drive modules (EDMs) by adding production in Szentgotthard, Hungary, targeted to begin in late 2026. The €103 million investment in Szentgotthard, including grants and contributions from the Hungarian government, is the latest example of Stellantis’ commitment to transforming existing facilities for its electrified future. […]
Magnetic Shield, a manufacturer of magnetic shielding materials and products, has expanded the building at its headquarters in Bensenville, Illinois northwest of Chicago to accommodate greater inventory and increased capabilities. The new 7,000 sq ft […]
Motor manufacturer Nidec has made significant expansions to its capabilities recently through two corporate acquisitions plus adding new manufacturing plants in India and Serbia. All involve various degrees of magnetic technology and add new dimensions to Nidec’s market presence. It has:
acquired Houma Armature, a motor and generator service company in the USA;
acquired Midori Precisions, a producer of potentiometers and encoders in Japan;
opened two new factories in Serbia to meet growing demand for automotive motors and inverters in Europe while establishing a center for a cluster of future manufacturing operations;
added a new manufacturing plant in India for producing e-bike motors.
In December, it held an opening ceremony for the new, second building of its existing factory in Neemrana, India where it will now manufacture drive motors for electric bikes with an output of 30kW or less. The existing factory produces automotive, appliance, commercial, and industrial motors. Global sales of electric two-wheel vehicles are expected to grow from 2.6 million units in 2020 to 13 million units in 2030. Nidec plans to tap into the demand by manufacturing 90,000 e-bike motors per month at the factory. […]
Exxelia, has opened a new manufacturing site in Morocco for expanding the production of its magnetic and other electronic components and subsystems. An inauguration ceremony was held at the custom-built 10,000 square meter facility in […]
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