ZHAOBAO MAGNET to Reach 8000 Tons of Neodymium Magnet Production Capacity by 2024 with New Factory Construction

ZHAOBAO MAGNET to Reach 8000 Tons of Neodymium Magnet Production Capacity by 2024 with New Factory Construction



In the construction of new factories, ZHAOBAO MAGNET's production capacity will reach 8000 tons of Neodymium Magnet by 2024!


In 2024, the Sintered Neodymium magnet industry is about to enter a new year. ZHAOBAO MAGNET is honored to announce that our new factory is under construction and will be completed and put into formal production by 2024. At that time, our production capacity was about to reach 8000 tons. This has attracted a large amount of demand in the Sintered Neodymium magnet market. We are pleased to provide high-quality services to more customers starting from 2024 and gain greater attention in the global market.


Utilizing more professional equipment and sufficient production capacity is beneficial for reducing production costs, laying a solid foundation for standardized production, and improving production efficiency and market competitiveness. We look forward to bringing renewed vitality and better performance to the neodymium iron boron magnet industry by 2024.


The new factory covers an area of 33371 square meters and has a beautiful environment. In addition to improving productivity, we also pay attention to the preferences of employees and have set up rest areas and exercise and fitness areas for them. Caring for the material and spiritual well-being of all employees is the company culture that ZHAOBAO MAGNET has always pursued.


With the disclosure of the production progress of ZHAOBAO MAGNET's new factory building, it injected a shot in the arm for production in 2024 and further enhances the company's competitive advantage in the Sintered Neodymium magnet manufacturing field. In the future, ZHAOBAO MAGNET will continue to be committed to product innovation and performance optimization, while providing customers with higher quality and reliable neodymium magnets which meet the diverse needs of customers and the motor and industrial markets.



Learn more on the ZHAOBAO website!

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China Permanent Magnet, Magnetic Material Manufacturer - Zhaobao
Company: Ningbo Zhaobao Magnet Co., Ltd.
Add: No.355 Datong Road Zhenhai Ningbo, 315200, China
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