Hitachi Metals plans to start a low-cost neodymium magnet production line for electric vehicle (xEV) motors in China in 2022, with mass production starting in 2023. In addition to not using or curbing the use of heavy rare earth materials, its manufacturing methods will also be reformed. The company will increase its equipment availability through automation and reduce personnel costs. By increasing the proportion of overseas production, Hitachi Metals will increase the adjusted operating profit margin of its magnetic materials and electronics business from 2.4% in 2020 to 11.2% in 2022. The company will enhance its competitiveness by mass production of low-cost production lines in China, a resource-rich country.
The low-cost production line will be established at Hitachi Metals Sanhuan Magnetic Materials (Nantong) Co., Ltd., in which Hitachi Metals holds a 51 percent stake. The company has been mass-producing neodymium magnets and will meet the growing demand for xEVs at a lower cost. The magnet production process includes melting raw materials, sintering, heat treatment, cutting, etc. Low-cost production lines will be installed alongside existing production lines.
In Japan, low-cost production has proven feasible experimentally. Currently, Hitachi Metals is continuing to demonstrate for mass production in China. In order to switch to the new production line, the company will proceed to verify with customers that the process meets their requirements in terms of yield and quality.
Neodymium magnets are one of rare earth magnets. Hitachi Metals is phasing out or reducing the use of heavy rare earth materials such as dysprosium and terbium in response to sourcing and price risks before building new production lines. The design and manufacturing methods of magnet materials will be improved over time, but whether and to what extent they are used will be determined by the customer.
Hitachi Metals has been rebuilding its magnetic materials business over the past few years. Profitability at the business has deteriorated due to sluggish demand due to a slowing global economy and increased price competition with China and other rare metal producers.
In addition to China, the company has production bases in Kumagaya City, Saitama Prefecture, Foster Father City, Hyogo Prefecture, the Philippines and elsewhere, and the Saga base will close by the end of March 2022.
The business is currently in a recovery phase due to the resumption of vehicle production and the spread of xEVs for decarbonization, and Hitachi Metals executives said: "The business restructuring will end in March 2022." In addition to material processing, the company intends to further enhance the strength of its production base in China to gain a foothold in the global competition.
Browse more magnet industry information: https://www.dgcourage.com/xinwen/hyxw/
Customers from the United States, the United Kingdom, Australia, Japan, Poland and other customers are looking for ferrite cylindrical magnets. Welcome to contact the Courage magnet manufacturer. Our company is located in Dongguan, China. There are many ready-made sizes and low prices. Like the main picture...
This is a single-sided multi-pole magnetized ring magnet, only one side is magnetic, there are 4 poles on the surface, 2 N-pole, 2 S-pole, the material is injection molded ferrite, the outer diameter size of 17mm, the thickness of 4.5mm...
This product is a customized countersunk magnet ring, made of rare earth neodymium iron boron, 17mm outer diameter, black nickel plating on the surface, compared with ordinary nickel plating....
This product is a radial multi-pole ferrite rotor magnetic ring, photographed by Xiao Fu, a Courage magnet manufacturer in China. The magnet has 12 magnetic poles, 6 N poles and 6 S poles, and the magnetic field intensity can reach 1700 Gauss. The specific size of the magnet is 18mm outer diameter, 10mm aperture and 17.5mm height, and it is mainly used for permanent magnet DC motor....
This is a samarium-cobalt round magnet with counterbore. The size is 15mm in outer diameter, 5mm in thickness, magnetized in the thickness direction, and no other coating on the surface. Customers who need our quotation for you are welcome to consult and can be customized....
This is a medium and large size countersunk square magnet, made of rare earth neodymium material, with strong magnetic field strength, magnet length and width size is 40mm, thickness 10mm....
This is a thin ferrite magnet sheet customized for American customers not long ago, hard permanent magnet, rectangular shape, no plating on the surface, black, length 40mm, width 20mm, thickness 1mm, magnetization through the thickness of 1mm direction....
This product is a small-size circular ferrite magnet with a diameter of 10mm and a thickness of 2mm. It is magnetized with thickness and no other treatment on the surface. It is suitable for electronic products, industry and induction devices. If you need to process ultra-thin ferrite magnets, please contact us for quotation....