Magnetics Business & Technology - May/June 2023 - 49

INDUSTRY NEWS
GKN Powder Metallurgy to Produce Permanent Magnets for EV Market
GKN PM Innovation Centre in Radevormwald, Germany
GKN Powder Metallurgy, a major global provider of powder
metal solutions, has committed to enter the production of permanent
magnets for the electric vehicle market, aiming to boost
supply of permanent magnets for the automotive industry by
4,000 tons per year.
The company is perfectly positioned to meet the ever-increasing
demand for a stable, local supply of permanent magnets
which are a vital component of EV motors, it says. An experienced
supplier to automotive OEMs and Tier 1 suppliers, it has
witnessed first-hand the supply-chain challenges arising from
the exponential growth of the EV market, say officials. Existing
production processes and manufacturing capabilities in both
North America and Europe will be applied to the effort.
" The key driver behind this strategic
decision is our understanding of the
challenges facing the automotive industry
today and tomorrow, " commented
Diego Laurent, CEO. " The stability in
manufacturing is an ongoing concern,
but with our expertise, scale, and reputation,
we can provide a robust solution.
Diego Laurent, CEO of
GKN
" As a trusted provider of metal powders
and components for the industry, we
already have a scalable production
footprint. We will leverage our wellestablished
processes and capabilities
to align these with the requirements of permanent magnet
production. Automakers are looking for a reliable, local supply.
We aim to have in place the capacity for up to 4,000 tonnes of
permanent magnets by 2024, which will see us become a key
player in driving the future of the electric mobility market. "
Significant progress in product development has been made
and the business is now entering the phase of industrialization
planning. A dedicated magnets project team, bringing together
multidisciplinary experts, operates out of the company's innovawww.MagneticsMag.com
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For more info, see www.gknpm.com/magnets.
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www.ITG-Electronics.com
May/June 2023 * Magnetics Business & Technology 49
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Magnetics Business & Technology - May/June 2023

Table of Contents for the Digital Edition of Magnetics Business & Technology - May/June 2023

Magnetics Business & Technology - May/June 2023
Editor’s Choice/ Features
Leonardo DRS Delivers Electric Propulsion for New Military Vessels
Superconducting Magnets Built by Tokamak Energy for Fusion Power
Research & Development
Better Magnets for Green Energy
Case Study
High-Current & High-Voltage Sensing by Dewesoft for Today’s Testing Needs
Tech Tips
Product News
Industry News
2023-2024 Magnetics Industry Resource Guide
Annual Industry Resource Guide
Events Calendar/ Advertising Index
Visions
Magnetics Business & Technology - May/June 2023 - Magnetics Business & Technology - May/June 2023
Magnetics Business & Technology - May/June 2023 - Cover2
Magnetics Business & Technology - May/June 2023 - 3
Magnetics Business & Technology - May/June 2023 - Editor’s Choice/ Features
Magnetics Business & Technology - May/June 2023 - 5
Magnetics Business & Technology - May/June 2023 - Leonardo DRS Delivers Electric Propulsion for New Military Vessels
Magnetics Business & Technology - May/June 2023 - 7
Magnetics Business & Technology - May/June 2023 - 8
Magnetics Business & Technology - May/June 2023 - 9
Magnetics Business & Technology - May/June 2023 - 10
Magnetics Business & Technology - May/June 2023 - 11
Magnetics Business & Technology - May/June 2023 - Superconducting Magnets Built by Tokamak Energy for Fusion Power
Magnetics Business & Technology - May/June 2023 - 13
Magnetics Business & Technology - May/June 2023 - 14
Magnetics Business & Technology - May/June 2023 - 15
Magnetics Business & Technology - May/June 2023 - 16
Magnetics Business & Technology - May/June 2023 - 17
Magnetics Business & Technology - May/June 2023 - 18
Magnetics Business & Technology - May/June 2023 - 19
Magnetics Business & Technology - May/June 2023 - 20
Magnetics Business & Technology - May/June 2023 - 21
Magnetics Business & Technology - May/June 2023 - 22
Magnetics Business & Technology - May/June 2023 - 23
Magnetics Business & Technology - May/June 2023 - Research & Development
Magnetics Business & Technology - May/June 2023 - 25
Magnetics Business & Technology - May/June 2023 - Better Magnets for Green Energy
Magnetics Business & Technology - May/June 2023 - 27
Magnetics Business & Technology - May/June 2023 - Case Study
Magnetics Business & Technology - May/June 2023 - 29
Magnetics Business & Technology - May/June 2023 - Tech Tips
Magnetics Business & Technology - May/June 2023 - 31
Magnetics Business & Technology - May/June 2023 - 32
Magnetics Business & Technology - May/June 2023 - 33
Magnetics Business & Technology - May/June 2023 - 34
Magnetics Business & Technology - May/June 2023 - 35
Magnetics Business & Technology - May/June 2023 - Product News
Magnetics Business & Technology - May/June 2023 - 37
Magnetics Business & Technology - May/June 2023 - 38
Magnetics Business & Technology - May/June 2023 - 39
Magnetics Business & Technology - May/June 2023 - 40
Magnetics Business & Technology - May/June 2023 - 41
Magnetics Business & Technology - May/June 2023 - Industry News
Magnetics Business & Technology - May/June 2023 - 43
Magnetics Business & Technology - May/June 2023 - 44
Magnetics Business & Technology - May/June 2023 - 45
Magnetics Business & Technology - May/June 2023 - 46
Magnetics Business & Technology - May/June 2023 - 47
Magnetics Business & Technology - May/June 2023 - 48
Magnetics Business & Technology - May/June 2023 - 49
Magnetics Business & Technology - May/June 2023 - Annual Industry Resource Guide
Magnetics Business & Technology - May/June 2023 - 51
Magnetics Business & Technology - May/June 2023 - 52
Magnetics Business & Technology - May/June 2023 - 53
Magnetics Business & Technology - May/June 2023 - 54
Magnetics Business & Technology - May/June 2023 - 55
Magnetics Business & Technology - May/June 2023 - 56
Magnetics Business & Technology - May/June 2023 - 57
Magnetics Business & Technology - May/June 2023 - 58
Magnetics Business & Technology - May/June 2023 - 59
Magnetics Business & Technology - May/June 2023 - 60
Magnetics Business & Technology - May/June 2023 - 61
Magnetics Business & Technology - May/June 2023 - 62
Magnetics Business & Technology - May/June 2023 - 63
Magnetics Business & Technology - May/June 2023 - Events Calendar/ Advertising Index
Magnetics Business & Technology - May/June 2023 - 65
Magnetics Business & Technology - May/June 2023 - Visions
Magnetics Business & Technology - May/June 2023 - Cover3
Magnetics Business & Technology - May/June 2023 - Cover4
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