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 […]
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 […]
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 […]
Neo Performance Materials reports a 21% drop in revenues and a 10% volume drop for its Magnequench business unit over the nine months ending September 30. Considered a bellweather for the market in rare-earth magnetic […]
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 […]
Neo Performance Materials Inc. has acquired a magnet manufacturing plant near Shanghai for $9.7 million where it will produce compression molded magnets using its Magnequench Neodymium-Iron-Boron (NdFeB) powders. Separately, the company reports that it experienced an […]
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