Nidec Motor Corporation

Suppliers1

• Noveon Magnetics

  Supplies NdFeB permanent magnets

  5-year binding offtake, potentially over 1,000 tons.

  Confirmed

Profile1

1. 1
   CompanyNidec Motor Corporation — founded year

   Supports Organization · founded year

   “2010 (Nidec Purchase) 1908 Founded as U.S. Electrical Manufacturing Company”

Supply chain1

1. 2
   CompanyNidec & Noveon Magnetics Enter Off-Take Agreement for Rare Earth Magnets, Strengthening U.S. Supply Chain Resilience

   Nidec Motor Corporation · Feb 3, 2025 · Supports Organization, Supply relationship

   “a 5-year, binding off-take agreement with the potential to supply more than 1,000 tons of total off-take of finished sintered NdFeB rare earth magnets”