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Company Profile:

Magnet Business (Shenzhen) Co., Ltd., focusing on the production of magnets for more than 60 years, is a high-tech enterprise integrating R&D, production and sales of permanent magnets. Magnet Businesst, formerly known as the Second Magnet Factory in Shajing town of New Bridge district, was invested and established by Tokyo Magnet (Hong Kong) Co., Ltd. in 1987. Tokyo Magnet was founded in 1959. It established a ferrite manufacturing company in Tokyo, Japan, and then registered Tokyo Magnet (Hong Kong) Co., Ltd. in Hong Kong.

The company has obtained a number of invention patents and passed ISO9001, ISO9002, ISO14001, IATF16949 and other certifications, as well as SONY and CANON green partner certifications. We have first-class magnet technology, advanced magnet production equipment and strict production process. The main products include sintered ferrite and other square, hetero square, wet cutting processing, bonding NdFeB, injection molding ferrite, injection molding NdFeB and magnetic assembly devices. The products are widely used in the automotive field, intelligent robots, communication industry, instruments, office automation, medical care, mechanical equipment and other industries.

The company is located in the west of Shenzhen, enjoying superior geographical location, beautiful scenery and convenient transportation. It covers a total area of 40300 square meters, with a plant area of 22000 square meters. The company's strategic partners include many well-known enterprises such as BYD, Sony, MITSUBISHI and JTEKT.

Development history:

1959 Tokyo Ferrite Manufacturing Co., Ltd. was established in Tokyo, Japan

1963 New factory set up in Tokyo's sunset

1976 Set up workshop in Taiwan

1987 Invested in Shajing New Second Magnet Products Factory in Shenzhen (predecessor of Xiangci Magnet)

1989 the plastic magnet production line was completed

1991 Complete equipment imported to China

1993 the cutting department was established, mainly for cutting wet magnets

1997 Relocated to a new factory, with an area of 40,300 square metres 

1998 the production line for pasting NdFeB was added, focusing on the production of high-precision thin wall pasting NdFeB magnets; Passed DNV certification and obtained ISO9002 certificate

2001 Update ISO9001.2000 certificate

2002 the production line of plastic magnets was added, focusing on the production of magnetic strips for office supplies and magnets for the automotive sector

2003 the production line of cobalt cutting magnet was added

2004 Update ISO14001.2004 certificate

2005 Obtained CANNON Green Partner Certification

2006 obtained the SONNY Green Partner Certification; ISO/TS16949 certification

2010 Magnet Business (Shenzhen) Co., Ltd. was established

2019 become a high-tech enterprise in Shenzhen; Obtain 2 utility model patents in 2020

2021 Tokyo Magnet&Magnet Business was acquired by Magnet Lab.; Update IATF16949:2016 certification; Update the ISO9001: 2015 certificate; Update ISO14001:2015 certificate