Overview

• Noveon began delivering sintered NdFeB EcoFlux™ magnets to GM in July under a multi-year supply agreement for full-size SUVs and trucks.
• As the only operational U.S. manufacturer of sintered NdFeB magnets, Noveon offers a fully integrated domestic supply chain solution.
• EcoFlux™ magnets leverage proprietary processes for greater resource efficiency, use of recycled materials and enhanced performance.
• Jeff Morrison, GM’s global chief procurement officer, said the partnership will strengthen supply chain resiliency, support American jobs and bolster economic security.
• Noveon is ramping up production capacity to meet growing demand from automotive, defense, energy and industrial markets.