About us
History
SETTING SAILS
2013
Ningbo Fonne Magnetic Materials Technology Co.,Ltd. (formerly Soton NewMaterials) was officially established.
INNOVATIVE REFORM
2014
The company signed a cooperation agreement with Academician Li Wei's team from the Central lron and Steel Research Institute,marking the beginning of its efforts to tackle the challenges of limited rare-earth resources and technical bottlenecks, a new chapter in promoting the broader application of rare-earth permanent magnets with socio-economic values.
PRODUCTION LAUNCH
2015
The company became the world's largest cerium magnet manufacturing base. Over 1,000 tons were sold in less than 6 months , and cerium magnets became the industry's innovative standard . The project was hailed as a model of industry-aca-demia-research-application integration for its achievement of 'triple jump' : from scientific research to experimental development and to industrial market application.
INNOVATION & PATENTS
2016-2020
Through in-depth strategic cooperation with national research institutes , the company jointly established an academician workstation to continue tackling the challenges in cerium magnet technology commercialization as well as applying cerium magnet technology in extended areas . The company continues to strengthen its revolutionary achievements in the rare-earth permanent magnet industry through forward-looking, material-level innovation strategies and continued investment. The company has amassed numerous significant technical invention patents in the field of rare-earth permanent magnets. These patents include the patent for dual high technology of magnetic energy products and coercivity, which supports over 80% of the grades and specifications of NdFeB magnets. The patents potentially enables the company's rare-earth permanent magnet technology to fully align with NdFeB standards,with cumulative sales of up to 10,000 tons.
FULL INDUSTRY CHAIN
2021-2023
By the end of 2022, Fonne Magnetic Materials’s production capacity reached 10,000 tons The company began operations at dual bases in Hangzhou Bay and the High-Tech Zone, increasing capacity from 10,000 tons to 20,000 tons. The same year,construction began on a third facility, expanding into machining and surface treatment of rare-earth magnets. Fonne Group has thus achieved full coverage of the rare-earth industry chain. The capacity is sufficient to equip over 100 million electric motors. lt has intensified and broadened collaboration both upstream and downstream along the industrial chain, creating a solid win-win symbiosis.This strengthened strategic coordination upstream and co-created market innovations downstream. Ultimately, the company's progress enhances the commercial value and widens application scope of rare-earth permanent magnets in the Industry 4.0 era.
A NEW CHAPTER
2024
The company has entered the inaugural year of its high-quality development phase dubbed the 'Twin Trio System Ultra-Gain Strategy '. With material-level innovation technologies and numerous patented technologies supporting the expanded application ofrare-earth permanent magnets, by collaborating with leading research institutions and high-end customers, Fonne Magnetic Materials envisions the development of a world driven by high-powered permanent magnets.
No. 412, Binhai Sixth Road, Qianwan New District, Ningbo City, Zhejiang Province