龙磁科技拟建设越南龙磁二期工程项目

Core Viewpoint - Longmag Technology plans to invest approximately 210 million yuan in the second phase of its Vietnam subsidiary, focusing on expanding production capacity for permanent magnet materials, which is crucial for the company's long-term development and market expansion [1][2]. Group 1: Investment and Production Capacity - The second phase project will include an annual production capacity of 25,000 tons of pre-baked ferrite and 10,000 tons of high-performance wet-pressed ferrite tiles, with a construction period of 36 months [1][2]. - This investment is part of Longmag Technology's three-year strategic plan, aiming to achieve a total annual production capacity of 60,000 tons of permanent magnets [2]. Group 2: Market Demand and Industry Trends - The rapid development of electric vehicles is expected to increase the demand for automotive motors, thereby boosting the market for ferrite materials, which are essential components in these motors [1]. - In the home appliance sector, the widespread adoption of variable frequency technology is anticipated to further expand the market for ferrite materials, as they are critical components in variable frequency motors [1]. Group 3: Strategic Positioning and Synergy - Longmag Technology's overseas expansion, including production bases in Thailand, facilitates resource sharing and collaborative development across different business segments [3]. - The synergy between the soft magnetic business in Thailand and the permanent magnetic business in Vietnam enhances the company's competitiveness by providing comprehensive solutions for clients in the electric vehicle sector [3].