Innuovo expects to construct 2,000t new rough NdFeB production capacity in 2023
2023-01-12 15:45:36 [Print]
Recently, Innuovo stated that it has an existing rough NdFeB production capacity of around 13,000t in total, consisting of 5,000t and 8,000t capacity respectively in its Hengdian and Ganzhou production bases, and the company maintains a capacity utilization rate of 70%-80% at present. In 2023, the company expects to construct around 2,000tpy new capacity, while in the long run it will continue to expand production based upon company development plans and in step with market conditions.
Innuovo also revealed that in 2022 its NdFeB sales increased from 2021. Supported by steady growth in sales to conventional markets and also in view of relatively rapid growth in emerging fields such as NEV and air condition compressor, Innuovo expects its NdFeB sales to increase further in 2023.
Innuovo also revealed that in 2022 its NdFeB sales increased from 2021. Supported by steady growth in sales to conventional markets and also in view of relatively rapid growth in emerging fields such as NEV and air condition compressor, Innuovo expects its NdFeB sales to increase further in 2023.
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