Carpenter Technology, manufacturer of magnetic powders and other specialty alloys, is raising prices again for the third time in about 10 months. Effective March 22, base prices are going up 12-15% on new, non-contract orders […]
General Motors is reaching deep into its wallet to forge business growth and technical advancements in electric vehicles, including backing the establishment of new magnet factories in the U.S. while also driving innovation in permanent magnet and inductive motor technology. […]
Leveraging its purchase of axial-flux motor developer YASA in England, Mercedes-Benz soon will build the high-performance motors at its Berlin site, as the luxury car brand seeks to go all electric by 2030. The move […]
Neo Performance Materials reports strong financial results for the most recent year with its Magnequench unit, considered a bellwether for the magnetics industry, rebounding dramatically in both sales volume and revenues amidst an environment of […]
WEG, the Brazilian maker of industrial motors, generators and impregnation materials, plans to build a new electric motor factory in Santo Tirso, Portugal in concert with its expansion in Europe. In other recent developments, it […]
With financing of all three project phases now in place, a total of 277 giant permanent-magnet turbines from GE Renewable Energy are destined to harvest energy from the wind at Dogger Bank in the North […]
Targeting the growing electric vehicle market and electrification market trends, Worthington Industries has bolstered its steel processing business with the acquisition of global lamination manufacturer Tempel Steel for $255 million. Tempel makes motor and transformer […]
With its acquisition of Ramco Electric Motors, Arnold Magnetic Technologies has expanded its capabilities to manufacture fully engineered motors and components while adding strong relationships with important customers in strategic markets. Already a leading global […]
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