Magnetics Business & Technology - Spring 2012 - (Page 21)

INDUSTRY NEWS Molycorp to Receive $390 Million Strategic Investment from Molymet officer. “The HiRel Systems product and technology portfolio will further enhance our inductors portfolio, particularly in the field of custom magnetics for medical, military, aerospace and aviation, and applications in the industrial and commercial field such as renewable energy and test and measurement equipment.” “In the company’s announced growth plan we indicated that niche acquisitions would supplement intensified internal growth,” said Dr. Gerald Paul, Vishay’s president and chief executive officer. “Our acquisition of HiRel Systems fits well into this strategy, strengthening our product offering in the high reliability inductor and transformer business.” Molycorp, Inc. has announced that Molibdenos y Metales S.A. (Molymet), a large processor of the strategic metals molybdenum and rhenium, has agreed to invest approximately $390 million in Molycorp in exchange for 12.5 million shares of Molycorp common stock. The price of the Molycorp shares to be purchased were valued based on the 20-day volume weighted average share price as of the close of trading on January 30, 2012 plus a 10.0 percent premium. Molycorp has agreed to appoint to its Board of Directors upon the closing of the proposed investment a nominee to be designated by Molymet. Proceeds from the Molymet investment will be retained by Molycorp for general corporate purposes and will bolster Mo- Offers Expanded Selection of lycorp’s strategic flexibility. The funds are expected to finance Rare Earth Magnets has expanded its line of high-energy NeoMolycorp’s future growth and will help the company continue to pursue its vertical supply chain integration business model. Clos- dymium and Samarium Cobalt permanent magnets to include ing of the transaction is subject to the satisfaction of customary additional shapes, sizes, and grades, as well as Rare Earth holdclosing conditions, including the receipt of certain governmental ing assemblies. The Neo Assemblies come in concentric and twoand three-pole configurations and are corrosion-resistant. regulatory approvals. Neodymium Rare Earth magnets offer very high energy and John Graell, Molymet’s executive chairman and CEO, is expected to serve on Molycorp’s Board. He has more than 30 years holding power in compact sizes and light weights. Bunting of experience in the metals industry, and is a highly respected Neodymium-Iron-Boron magnets are now stocked in six grades and dozens of standard sizes and shapes, including bar and plug industry leader with a long history of business success. “We are very pleased with Molymet’s decision to make this sig- shapes. The selection includes a heat-resistant grade plus corronificant strategic investment in Molycorp, and we look forward to sion-resistant nickel-plated Neodymium magnets. having John Graell, and his wealth of experience and insight, join our Board when nominated by Molymet,” said Mark A. Smith, Molycorp president and CEO. “Molymet’s investment will help us pursue the growth elements of our business strategy and positions us to capitalize on opportu® nities that present themselves in the future.” Introduces the series of “We are making this investment in Molycorp SMD Molded High Current Power Inductors because we are very bullish on the upside potential of the company, as well as the highly syner• 13.2 mm x 12.8 mm x 6.5 mm gistic technologies and market positioning of our • Current: 10.0 Amps to 60 Amps respective companies,” said Graell. “Molycorp’s • DCR: 0.50 mΩ to 16.8 mΩ • Inductance: 0.1 uH to 10 uH vision for growth and global supply chain integrawith 20% tolerance tion is highly attractive to us, and I look forward • Operating Temperature Range: to working with the Company to help it achieve its -55°C to +125°C long-term goals.” SMD Molded High Current Power Inductors Frontier Electronics Corp. CSHMR1265-XXXX new! Vishay Acquires HiRel Systems LLC Vishay Intertechnology, has acquired HiRel Systems LLC, a supplier of high reliability transformers, inductors, coils and power conversion products. The purchase price was approximately $85 million, including repayment of HiRel debt, and subject to customary postclosing adjustments. “We are pleased to welcome HiRel into the Vishay family,” said Marc Zandman, Vishay’s Executive chairman and chief business development 1201112_CSHMR1265-XXXX.indd 1 • Shielded • Applications include AC/DC and DC-DC Converters, Computer HDD, Flat Displays/TVs, Cameras etc. • Taped & Reeled For more information please call: 667 E. Cochran St., Simi Valley, CA 93065 Fax: 805-522-9989 e-mail: 1-800-929-9888 Spring 2012 • Magnetics Business & Technology 21 26/01/2012 2:43 PM

Table of Contents for the Digital Edition of Magnetics Business & Technology - Spring 2012

Magnetics Business & Technology - Spring 2012
Editor’s Choice
Ten Steps for Developing the Kipawa Heavy Rare Earth Deposit
Designing New Magnet Technology - A Multiphysics Challenge
Magnets • Materials • Measurement
Four-Pole Technique for EMI Filter Design
Application • Component Developments
Research & Development
Industry News
Spontaneous Thoughts: The Golden Rule for Writers

Magnetics Business & Technology - Spring 2012