Since being founded in 2001, Ningbo LG Magnetics Manufacturing Co., Ltd. has been specialized in R&D and production of sintered 1:5, 2:17 Samarium Cobalt permanent magnets, sintered Ndfeb, Ferrite magnet and assemblies. Through 12 years’ great-leap-forward development, now Ningbo LG is a company, which covers an area of 12000 square meters including an area of 5000sm of factory building, with an annual production capacity of 1200 tons of SmCo and 1000 tons of NdFeB products. It brought in advanced producing, machining and testing equipments and the fixed asset values more than RMB 32 million.
Integrity, innovation and forward-looking are the foundation for building the company.
In past seven years, Ningbo LG had been following the guideline of being virtuous, sincere and trusty to manage the enterprise and market.
In past seven years, Ningbo LG had been taking the independent and collaborative innovation as the strategy of technology innovation. LG strengthened the ability of independent innovation by increasing the inputs on technical innovation, bringing in high level technology talents and combining the market demands. What’s more, through the cooperation with the research institutions such as The Chinese Academy of Sciences, Ningbo Materials Technology and Engineering Institute, etc, LG improved the ability of researching and developing high-end products.