Magnetics Business & Technology - July/August 2022 - 28

INDUSTRY NEWS
Quadrant's NeoGrass to Become New
Magnet Plant in US
Quadrant has operated an engineering, machining and assembly
hub in Louisville since 2001, and built a new expanded facility
there in 2019. The new location builds on the company's goal
to build a world-class magnetics, manufacturing and research
campus and positions the company and community as leaders
in attracting a critical and innovative industry back to the U.S., it
said.
Quadrant global headquarters in San Diego
Rapidly expanding magnetics company Quadrant plans to build a
new 171,000-square-foot rare earth magnet manufacturing plant,
to be called its Neograss campus, in Louisville, Kentucky. Quadrant
is planning to invest $95 million in the multi-year expansion
and employ about 200 people there.
" We believe that Project NeoGrass is the
blueprint that the magnetics industry and
our customers need. It is a revitalization
of rare earth manufacturing and research
& development in the U.S., " said Michael
Brand, president of Quadrant International.
The company is headquartered in
San Diego, California and has multiple
operations sites worldwide.
Project NeoGrass will facilitate manufacturing,
design and engineering, material research, quick-turn prototypes,
assemblies, and offer an entire pipeline from prototype
to mass production. It will utilize green energy in its operations,
recycle production materials, and be constructed to care for the
resources surrounding the area, the company said.
Plans for Neograss were unveiled January 28 in a joint announcement
with the state of Kentucky and local officials. Governor
Andy Beshear announced the plans. " As electric vehicle
production continues to ramp up across the automotive sector,
we will continue to see growth of EV-related companies in the
commonwealth, " he said. " This investment and job creation will
position Quadrant to capitalize on a burgeoning market, and I am
thrilled to welcome the company's growth in Kentucky. "
Michael Brand,
president of Quadrant
International
Founded in 1992, Quadrant is headquartered in San Diego, California,
with operations in the U.S., Australia, China, Germany,
Japan, South Korea and Vietnam. The company also operates a
research, prototyping and testing facility, known as Lab Magnetics,
in Silicon Valley. It was expanded to a 31,000-sq ft innovation
hub in 2021. Last year also saw other expansions by the
company, among them the establishment of Quadrant GmbH as
a design, engineering and sales company in Hanau, Germany;
the establishment of Quadrant Japan in Osaka for magnetics
design, engineering and sales in the Asia-Pacific region; and the
building of a new production center in Vietnam for magnetic assemblies
and modules.
Quadrant works with high-tech companies from concept to mass
production of magnet-related products including material selection,
engineering and design services and prototype development.
For more info, see: www.quadrant.us.
Hitachi Metals Magnetics Business
Jumps Awaiting Bain Acquisition
Expanded Louisville site built in 2019
Boosted by a 28% jump in revenues from its business in magnetic
materials, fortunes continue to rise at Hitachi Metals while
awaiting closure of its acquisition by investment group Bain
Capital. For its fiscal year ended March 31, the company posted
28 Magnetics Business & Technology * July/August 2022
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Magnetics Business & Technology - July/August 2022

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