Magnequench

Materials/Manufacturing

Neo Awarded Grant for Rare Earth Magnet Plant in Estonia; Reports Prices Down from Record Highs but High Demand 

November 15, 2022 Editorial Staff Comments Off on Neo Awarded Grant for Rare Earth Magnet Plant in Estonia; Reports Prices Down from Record Highs but High Demand 

Despite prices for magnetic materials dropping recently from record highs, the outlook is strong for Neo Performance Materials’ plan to build a 100-million Euro rare earth magnet plant in Estonia. It recently received a sizeable government grant to support the effort, while higher-than-expected future demand is driving the company to consider expanding the plant’s capacity. […]

Materials/Manufacturing

Neo Performance Materials To Expand NdFeB Magnet Manufacturing Capacity In Response To Increasing Demand

August 18, 2020 Editorial Staff Comments Off on Neo Performance Materials To Expand NdFeB Magnet Manufacturing Capacity In Response To Increasing Demand

Neo Performance Materials Inc. announces that, due to increased demand, its Magnequench segment intends to significantly expand its capacity to produce compression-molded NdFeB (“neodymium-iron-boron”) magnets and assemblies, used in the automotive, electronics, home appliance and […]

Materials/Manufacturing

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

August 11, 2020 Editorial Staff Comments Off on 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

Revenues Fall in 2019 for Neo Magnequench but Robust Growth Seen in Advanced Automotive Side of the Business

April 20, 2020 Editorial Staff Comments Off on Revenues Fall in 2019 for Neo Magnequench but Robust Growth Seen in Advanced Automotive Side of the Business

Led by a decline in volume and revenues from its Magnequench magnetic materials segment, Neo Performance Materials saw revenues fall 10.3% in 2019, as the company reported in its year-end financials in March. Yet the company posted […]