Ningbo NGYC( Ninggang Permanent Magnetic) Material Co. Ltd, established in 1987, is specialized in the exploitage and production of 1:5 and 2:17 agglutinate 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 17,000 square meters and its fixed assets exceed 50,000,000RMB.

NGYC is capable of mass production of SmCo permanent materials of the highest level in China and products' quality has reached the world's advanced level. The independently developed low temperature coefficient 1:5 and 2:17 SmCo permanent magnets have been widely used in fields such as aeronautics and space, national defense and sensors. The company can also manufacture all serial elements products of different shapes and specifications. The company strictly moves RWTUV ISO 9001: 2000, the TS 16949 quality control system, and has been listed as the Ningbo city export product quality guarantee enterprise.

Besides the professional production of SmCo magnets of all specifications, NGYC also manufactures all kinds of agglutinate SmCo magnetic powder, NdFeB magnets and other magnetic application devices and concurrently also sells AlNiCo magnets, Ferrite magnets, magnetic rubber and agglutinate NdFeB.