Ningbo NGYC( Ninggang Permanent Magnetic) Material Co., Ltd, established in 1987, is specialized in the exploitage and production of 1:5 and 2:17 sintered SmCo magnetic materials. Through a dozen years’development, the company has the most advanced equipments and technology of production processing and inspection. As one of the enterprises specialized in professional production of SmCo magnets with the largest scale and the most complete grades, the company covers an area of 25,000 square meters, including the workshops’ area of 25,000 square meters and its fixed assets exceed 80,000,000RMB,about 450 employees and annual sales exceed one hundred million.