Ningbo Ninggang Permanent Magnetic Materials Ltd. (NGYC) is set up in 1987, specially exploit and manufacture SmCo, NdFeB magnets and various of magnet systems. Through more than ten years development, NGYC's capital asserts is more than ten millions and pocessing of advanced producing technology, excellent test means and strict quality guaranteed system.

The turnout of SmCo magnet per year reach 70 tons, products have been exported west Europe, North America and Southeast areas and countries etc, the export sum for one year is more than thirty million RMB, in the meantime, NGYC is running according to RWTUV ISO9001: 2000 qualtiy system, and was listed in one of the Ningbo export products quality guaranteed enterprises.