Hitachi Metals boosting production capacity for Neodymium-Iron-Boron Magnets and Ferrite Magnets to meet automotive demand
Green Car Congress
OCTOBER 27, 2016
Hitachi Metals will invest approximately ¥18 billion (US$172 million) in innovative production lines for Neodymium-Iron-Boron magnets and ferrite magnets at its Kumagaya Works in Japan with the aim of satisfying surging demand for automotive-related motors as well as various electric motors for hybrid and electric vehicles. The lines are scheduled to commence operation in FY2018.
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