In 2017, the industrial output value of rare earth magnetic materials
industry in Ningbo, Zhejiang Province, was 9.783 billion yuan, went up 9.68% over 2016. The export delivery value was 2.652 billion yuan, an increase of 3.51% over the same period last year, and the domestic market volume increased 12.17%. 20 enterprises with output value exceeding 100 million yuan, 29 enterprises with a growth rate of more than 20%.
One is the smooth promotion of industrial investment projects. The annual investment of major projects in the industry has reached 869 million yuan, the new project for production capacity of 5000 tons sintered NdFeB magnets has been completed, and more than 20 new projects(such as 5000 tons of Ce-Fe-B magnets capacity) have been steadily pushed on.
Second, the level of industrial technology is constantly improving.The manufacturing technology of ultra-high performance NdFeB magnets, high temperature resistant samarium cobalt magnets and high abundance magnets were developed,38 new authorized patents produced.
Third is the further strengthening of the capability of industrial innovation. Magnetic material innovation center is actively planning, new-built one academician workstation and one postdoctoral workstation of Zhejiang Province. At the same time, Ningbo innovative new material insurance subsidy policy escort for the development of magnetic materials industry.
In this good policy environment, meank magnetics will seize the opportunity to develop higher and more stable Nd-Fe-B magnets, while actively develop more magnetic assemblies, continue to provide the world's customers with the most comprehensive magnetic materials and services.To be an excellent China supplier of rare earth neodymium magnets and magnetic devices.