According to a source from Zhejiang
Sheensen Magnetics Technology Co., Ltd., the company plans to expand plant in July.
"We plan to invest 200 million yuan
to expand the production capacity of NdFeB magnetic materials. At present, the
company's NdFeB magnetic material capacity is 1,800 tons, and the capacity will
reach 3,000 tons after expansion. We hired a professional team from Shanghai
Tongji University to help us design.It is expected to start construction in
July and the expansion of the plant will be completed early next year,"
the source said. And he said that they will purchase 10 sets of 500 kg
sintering furnaces next year, and it is expected to start trial production in
the second half of next year.
Sheensen NdFeB magnetics
material has an annual production capacity of 1,800 tons. It is a company
integrating R&D, production and sales of permanent magnet materials and
their application products. In April, the output of NdFeB magnetic material in
the plant was 100 tons, a decrease of 9% from the previous month. Production in
May is expected to hover in April.