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1986
Dongyang Nd-Fe-B magnetic material factory was
invested by Hengdian Group, which is one of the
earliest corporations deals with Nd-Fe-B rare
earth permanent magnets production, marketing
and R & D in China.
1992
Innuovo Magnetics was renamed as Hengdian Group
General Rare Earth Permanent Magnetic Materials
Factory.
1998
ISO9002 approved
2001
ISO9001:2000 approved
2003.6
Hengdian Group set up Zhejiang Innuovo Magnetics
Co., Ltd. by assets reorganization, and led it
to be one of the largest manufacturers in Nd-Fe-B
magnetic industry. The corporation developed
rapidly during this period.
2003.9
Innuovo Magnetics set up a high-performance Nd-Fe-B
magnet production line with an annual production
capacity of 1200 tons, which was listed as an
important technology improving item of Zhejiang
province.
2004.2
Innuovo Magnetics set up a Bonded Nd-Fe-B magnet
production line with an annual production
capacity of 300 tons.
2004.2.21
Zhejiang University-Innuovo New Material R & D
Center was founded by Innuovo and Zhejiang
University.
2004.10
Innuovo Magnetics set up a High-performance NdFeB
production line with 1440 tons annual output,
which was listed in high-tech industries item of
Zhejiang province.
2004.11
The new product of N52 high performance NdFeB
was developed by Innuovo and passed
provincial-level appraisal.
2006
TS16949 approved
2006.6
Innuovo Magnetics was certificated as National Torch
Program Important Hi-Tech Corporation by the
Ministry of Science and Technology of PRC.
2006.11
Innuovo Magnetics set up a high-performance Nd-Fe-B
magnet product line with an annual production
capacity of 1440 tons.
2008
The annual sale in 2008 has reached 85 million
USD.
2009
Innuovo Magnetics set up an Automatic Ni-Cu-Ni Coating Line for Sintered NdFeB magnet.
2010
Innuovo Magnetics set up an Automatic Electrophoresis Coating Line for Bonded NdFeB magnet.
2011
The annual sales in 2011 has reached 209 million USD
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