Magnequench International Inc.
1982 - General Motors, Sumitomo Special Metals and The Chinese Academy of Sciences independently discover a new permanent magnet material composed of neodymium, iron and boron.
1983 - Magnetism and Magnetic Materials Convention in Pittsburgh, PA - debut of Neodymium production methods by General Motors and Sumitomo Special Metals.
1986 - General Motors creates business unit, Magnequench, and builds 175,000 sq. ft. plant in Anderson, Indiana, U.S.
1995 - Beijing San Huan New Material High-tech, Inc., China National Non-Ferrous Metals Import & Export Corporation, and an investment group led by Sextant Group, Inc. acquire Magnequench and establish Magnequench International, Inc.
Magnequench begins capacity expansion in Anderson, Indiana. Total expenditures exceed $30 million over next four years.
1998 - Magnequench acquires GA Powders to develop gas atomization process for making NdFeB powder.
Magnequench acquires Xinbao Special Metals in Tianjin, China.
Magnequench breaks ground for Tianjin, China powder manufacturing plant.
1999 - Magnequench commences construction of its $10.5 million one-of-a-kind Technology Center in Research Triangle Park, North Carolina.
Joint development agreement with Tengam Engineering, Inc. in Otsego, Michigan allows Magnequench to offer injection-molded bonded magnets and subassemblies.
Magnequench International, Inc. forms a holding company, Magnequench, Inc., as its operations become more global.
Magnequench launches NeoEnergy™, a new brand name for its powders, and announces two new cost-effective products aimed at significantly expanding the Neodymium market.
2000 - Magnequench's Technology Center opens in Research Triangle Park, North Carolina, offering design engineers a unique environment for working with our staff to create optimized prototypes.
Magnequench opens powder plant in Tianjin, China to expand capacity and to better serve Asian markets. The Tianjin plant also puts production close to the source of raw materials, reducing processing time and the need to carry excessive inventories.
Magnets at Work
With little fanfare, permanent magnets have steadily become an indispensable part of our everyday life. And there is every reason to expect it will continue because so many people have benefited from the improvement permanent magnets have made in their lives, whether at home or work. In fact, the permanent magnet market has grown annually at least 10 percent for the past 40 years! Very few industries can claim that level of sustainable growth. Yet unknown to many, there has been a revolution taking place in the market that started with the introduction of Neodymium permanent magnets. This category of magnets has been growing like wildfire, leading the market with an annual growth rate of 17 percent. But why?
Why They Work
Simply put, Neodymium magnets enable the development of permanent magnet applications. No other family of magnets has a higher energy content. They can enable motors to have greater torque, or smaller size and weight for the equivalent torque, and greater efficiencies. These advantages have opened a host of new opportunities for design engineers eager to improve existing products or develop new ones. As the affordable source of high energy Neodymium, Magnequench will lead this revolution by making this high-performance material available to the entire design community.
Where They Work
As technological advancements are made throughout all industries, there will continue to be a demand for Neodymium energy. Already we see Magnequench magnets and powders contributing to the betterment of everyday life in countless ways.