Samag

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 […]

Materials/Manufacturing

Neo Performance Materials Purchases Samag Magnet Manufacturing Facility near Shanghai; Reports Lower Revenues for First Half of 2019

September 10, 2019 Editorial Staff Comments Off on Neo Performance Materials Purchases Samag Magnet Manufacturing Facility near Shanghai; Reports Lower Revenues for First Half of 2019

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 […]