Jinmeng Sagami breaks ground on NdFeB magnet modules project

On September 26, Baotou Jinmeng Sagami Magnetics Co., Ltd. kicked off construction of an NdFeB magnet modules project at Baotou Rare Earth High-Tech Industrial Development Zone.

With a total investment of RMB180 million (USD25.66 million), the project covers a land area of 60Mu (4 hectares) and has annual production capacities of 2,000t of high performance NdFeB magnet cast flake, 3,000t of NdFeB magnetic powder and 2,500t of rough sintered NdFeB magnets.

Jinmeng Sagami Magnetics is a joint venture between Baotou Jinmenghui Magnetic Materials Co., Ltd. and Beijing San Huan Sagami New Technology Co., Ltd., a wholly-owned subsidiary of Sagami Chemical Metal Co., Ltd.