Magnet Applications, a subsidiary of Bunting Magnetics Co., has partnered with Magnequench, the magnetic business unit of Molycorp Inc. and currently the only legal manufacturer and source of Neo Powders used in bonded neodymium magnets in North America.
Announcing the partnership, Magnet Applications vice-president of sales Mike Miller said, “For nearly 25 years, our customers have relied on Magnet Applications for magnets and assemblies incorporating compression bonded and injection molded magnets made with Molycorp Magnequench Neo Powders. The Magnet Applications reputation for quality and technical expertise has made us the largest Molycorp Magnequench customer for Neo Powders in North America. In 2014, the expiration of certain Magnequench patents will permit the importation of potentially substandard neodymium powder and magnets into the United States. Magnet Applications customers, however, will continue to receive only the highest quality magnets, owing to a cooperative arrangement with Magnequench, providing for the continued use of only Molycorp Magnequench Neo Powders in Magnet Applications magnets."
"Neo Powders are used in a wide variety of downstream applications in the automotive, factory automation, medical device, consumer electronics, and other markets, said Jim Herchenroeder, engineering vice president and North American sales manager for Molycorp Magnequench. “Our cooperative arrangement with Magnet Applications ensures that Magnet Applications customers can expect the same high-quality compression bonded and injection molded magnets they have long valued, without concern for substandard materials that could reduce magnet performance. We look forward to continuing our long and effective relationship with Magnet Applications and the entire Bunting organization."
Magnet Applications is a leader in total magnetic solutions, including the manufacturing and distribution of compression bonded and injection-molded magnets and assemblies. It has manufacturing plants in DuBois, PA, and in Berkhamsted, Hertfordshire, in the U.K.
Bunting Magnetics Co. is a U.S.-based global manufacturer of magnetic assemblies and equipment. The Bunting product line serves worldwide markets with a broad range of magnetic materials and components, magnetic separation systems, material handling equipment, magnetic printing cylinders, and metal detection equipment.
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