New plant with annual capacity 5,000 tons

Oct. 28th, 2022, a grand commencement ceremony was held for our new plant, which takes up 50,000 square meters. 350 million CNY (50 million USD) will be invested for new plant. Annual capacity will be 5,000 tons, and for sales volume of 1.5 billion CNY (0.21 billion USD). General Manager Mr. Chen Wei addressed that a brilliant future ahead, ZHAOBAO MAGNET thanks all of partners’ supports, and we will ensure better cooperation, service and permanent magnet solutions.