JL MAG's existing high-performance NdFeB production capacity records 23,000t
2023-02-02 15:24:17 [Print]
On January 1, JL MAG revealed via its investor platform that the company has an existing high-performance NdFeB rough product production capacity of 23,000tpy in total, including the 15,000t capacity of the Ganzhou base and 8,000t capacity of Baotou base phase one project. And production capacities currently in construction include 12,000t capacity of Baotou base phase two, and Ningbo base 3,000t high-end magnet and 100-million-set magnetic module project. Construction of the above projects advance smoothly and are expected to be completely in 2023 with equipment installed and commissioned for trial operation within 2023. As the company currently holds a lot of orders in hand now, its utilization rates of existing production capacities are expected to stay at a high level in 2023. Generally speaking, the company's production and sales are expected to keep growing rapidly in 2023.
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