Baotou Yongzhen Magnet officially puts into operation
2019-11-08 17:58:15 [Print]
On the morning of November 3, Baotou Yongzhen Jingping Magnet Technology Co., Ltd. announced that it was officially put into operation.
The company is a rare earth permanent magnet material application enterprise introduced by the Rare Earth High-tech Zone. It is a key project for the implementation of rare earth new materials and application industries and the extension of the rare earth industrial chain in the Rare Earth High-tech Zone. The project covers an area of 50 mu and the business scope ranges from rough production to processing and electroplating. After reaching the output, the company will produce 3,000t of high-performance NdFeB permanent magnet per year with an annual output value of RMB600 million (USD85,232,029) and an annual profit of nearly RMB80 million (USD11,364,271).
The company is a rare earth permanent magnet material application enterprise introduced by the Rare Earth High-tech Zone. It is a key project for the implementation of rare earth new materials and application industries and the extension of the rare earth industrial chain in the Rare Earth High-tech Zone. The project covers an area of 50 mu and the business scope ranges from rough production to processing and electroplating. After reaching the output, the company will produce 3,000t of high-performance NdFeB permanent magnet per year with an annual output value of RMB600 million (USD85,232,029) and an annual profit of nearly RMB80 million (USD11,364,271).
