Established in 1997, Ningbo Permanent Magnet Industry has more than 500 employees and covers the area of 60,000 square meters， now it is able to sinter NdFeB 5000t per year.Since its establishment, under the technical support by Chinese Academy of Sciences Ningbo Material Institute, University of Science and Technology Beijing, Zhejiang University, as well as the scientific research institutions and provincial level engineering technical R&D center inside of the company, it devotes itself to researching, exploiting, producing in batch and applying rare earth permanent magnetic material with high performance for a long time. Being equipped with the global advanced production equipment and detection apparatus, At present its products are far sold in Europe, North America, South America, Southeast Asia and other regions. The export sale holds 80%. The products are mainly applied to middle and high-end motor, consumption-type electronics, medical treatment, clean energy and other fields.