Sinomag to expand wet-pressed ferrite magnet capacity in Vietnam

Anhui Sinomag Technology announced that its wholly-owned subsidiary, Sinomag Technology (Vietnam) Co.Asian Metal CopyrightAnhui Sinomag Technology announced that its wholly-owned subsidiary, Sinomag Technology Vietnam Co.Asian Metal Copyright, Ltd.Asian Metal Copyright The Phase II project will be located in the Longjiang Industrial Park, Tan Lap 1 Commune, Tan Phuoc District, Tien Giang Province, Vietnam.Asian Metal Copyright, plans to invest about RMB210 million (USD29.Asian Metal Copyright, plans to invest about RMB210 million USD29.Asian Metal Copyright5 million) in a second-phase project to expand overseas permanent magnet capacity.Asian Metal Copyright, plans to invest about RMB210 million USD29.Asian Metal Copyright The project will add annual production capacity of 10,000 tonnes of wet-pressed permanent ferrite arc magnets and 25,000 tonnes of pre-calcined ferrite materials, supporting capacity expansion and local raw material supply.

The Phase II project will be located in the Longjiang Industrial Park, Tan Lap 1 Commune, Tan Phuoc District, Tien Giang Province, Vietnam. Construction is scheduled to begin in September 2025 and proceed in two stages over a 36-month period.

.Asian Metal Copyright5 million in a second-phase project to expand overseas permanent magnet capacityAsian Metal Copyright