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/
Buy thin ring magnets, customize ultra-thin ring neodymium magnets, you can contact China's pneumatic magnet manufacturers for quotation, we have a great price advantage for small precision strong magnets, many customers in the United States, Turkey and other countries choose to cooperate with us, today's size of the outer diameter of 9.2mm, inner diameter of 5mm, thickness of 1mm, galvanized surface...
This product is a high-performance 8-pole ring magnet with radial magnetization. The material is ferrite. It belongs to a ferrite multi-pole magnetized ring. The outer diameter of the magnet is 75mm, the inner diameter is 51mm, and the height is 35mm....
The sample is M10 countersunk hole square NdFeB magnet, the length and width are 75mm, thickness is 25mm, with strong magnetic strength, specializing in heavy industry, machinery and equipment, salvage, etc., welcome to bring quantities to consult the price....
Sample display is a N52 grade ultra-thin rectangular block neodymium magnet, length size 8mm, width 1.8mm, thickness is only 0.6mm, can be affixed with adhesive backing, scribing marking, although the size is small, but still has a certain degree of magnetism, suitable for use in a number of precision instruments, meters, handicrafts, toys....
This is ring-shaped neodymium magnet with an outer diameter of 4mm, a thickness of 4mm, and a middle hole of 1.6mm. It is N48 grade, with a surface magnetic force of about 3900 Gauss. It is produced and photographed by the courage magnet manufacturer carrich. If you are interested in this product, please leave us a message or send us an email....
Buy small hole radial magnet ring, high precision radial cylindrical magnet with small hole, welcome to contact Courageous Magnet Manufacturer, we have many customized cases, such as the one you see now, belongs to the motor radial magnet, outer diameter 2.5mm, center hole 1mm, height 4.8mm, N48H grade...
This product is a rectangular pot magnet with a hole, usually a counterbore. It is used together with screws. There are one with one counterbore and two with two counterbore holes. It is suitable for fishing, lifting metal objects, kitchen and bathroom hooks, etc., rectangular Can magnet specifications are customized according to customer requirements. Please contact us for prices....
Our company is a manufacturer of permanent magnets for electric motors, we can provide you with multi-pole ring magnets made of various materials, you are now browsing this is an injection molded ferrite ring, OD 41mm, hole 35mm, height 24.5mm, radial 4-polar magnetization, surface magnetic strength of 750 gauss or so, there are molds and samples, welcome to inquire about the price....