Hitachi Metals-Sumitomo Special Metals tie-up

More of what used to be the expansive empire of steelmaker Sumitomo Metal Industries will disappear forever next April when special steelmaker Hitachi Metals takes control of Sumitomo Special Metals Co (SSMC)

Hitachi Metals and SSMC are leading producers of permanent magnets used in generators, motors, medical applications such as magnetic resonance imaging (MRI) undulators, and audio and data recording equipment. Neomax is a sintered neodymium and ferro-boron magnet acclaimed as a technical breakthrough when SSMC developed it in 1983 for being twice as...

Published

December 22, 2003

11:40 GMT

Tokyo