Bunting's Magnet Applications partners with Magnequench

Magnet Applications--a subsidiary of Bunting® Magnetics Co.--has partnered with Magnequench, the magnetic business unit of Molycorp Inc. (NYSE:MCP)($MCP) and currently the only legal manufacturer and source of Neo Powders™ used in bonded neodymium magnets in North America.

Announcing the partnership, Magnet Applications Vice-President of Sales Mike Miller commented: "For nearly 25 years, our customers have relied on Magnet Applications for magnets and assemblies incorporating compression bonded and injection molded magnets made with Molycorp Magnequench Neo Powders™.  

"The Magnet Applications reputation for quality and technical expertise has made us the largest Molycorp Magnequench customer for Neo Powders™ in North America.  In 2014, the expiration of certain Magnequench patents will permit the importation of potentially substandard neodymium powder and magnets into the United States.  Magnet Applications customers, however, will continue to receive only the highest quality magnets, owing to acooperative arrangement with Magnequench providing for the continued use of only Molycorp Magnequench Neo Powders™ in Magnet Applications magnets."  

Jim Herchenroeder, Engineering Vice President and North American Sales Manager for Molycorp Magnequench, also commented: "Neo Powders™ are used in a wide variety of downstream applications in the automotive, factory automation, medical device, consumer electronics, and other markets.  Our cooperative arrangement with Magnet Applications ensures that Magnet Applications customers can expect the same high quality compression bonded and injection molded magnets they have long valued, without concern for substandard materials that could reduce magnet performance.  We look forward to continuing our long and effective relationship with Magnet Applications and the entire Bunting organization."   

Magnet Applications™ is a leader in total magnetic solutions, including the manufacturing and distribution of compression bonded and injection molded magnets and assemblies.  Magnet Applications has manufacturing plants in DuBois, Pennsylvania, and in Berkhamsted, Hertfordshire, in the United Kingdom.  For more than 50 years, Magnet Applications has provided the worldwide manufacturing industry with permanent magnet material expertise.

Bunting Magnetics Co. is a US-based global manufacturer of magnetic assemblies and equipment.  The Bunting product line serves worldwide markets with a broad range of magnetic materials and components, magnetic separation systems, material handling equipment, magnetic printing cylinders, and metal detection equipment.    

For more information about Magnet Applications call 814-375-9145 or visit www.magnetapplications.com.