Yantai Shougang Magnetic Materials Inc.(YSM) is the oniy company among magnetic material manfactures in China which was approved and certified by the China National Development and Reform Commission under the "National High-tech Industrialization Demonstration Project on High performance NdFeB Permanent Magnets" .
In April 2008, the joint venture with Japan yaskawa electric co., ltd. was changed into a sino-japanese joint venture. YSM's facilities include the most advanced magnet producing line, machinery processing line, and the surface treatment line imported from Germany, Japan,and the United States.YSM also adopts the state-of-the-art production techniques to manufacture the high performance,reliable,low heavy rare earth,and low weight loss sintered NdFeB magnet.
Establishing time: 2000.10
Registered capital: 100,580,000 RMB (In April of 2008)
Occupied area: 70850m2
Production capacity:9800 tons