ABB has entered into a long-term supply agreement with Noveon Magnetics, an operational U.S. manufacturer of sintered rare earth magnets. The multi-million-dollar deal will support ABB’s North American manufacturing operations. Under the agreement, Noveon will supply ABB with high-performance NdFeB magnets for use in industrial motor applications. Monthly deliveries will begin this month and scale up to supply all magnet…
Read MoreNoveon Magnetics to supply ABB with rare earth magnets
