Neo Performance Materials is a global specialty materials company focused on the production and distribution of advanced materials for high-technology applications. The company’s operations span three core segments: rare earth and rare metal materials, advanced ceramics, and magnetic powders. These materials are integral to a wide range of end markets, including automotive, electronics, aerospace, defense, energy, and medical technologies.
In the rare earth and rare metal segment, Neo produces high-purity oxides, metals and alloys derived from rare earth elements such as neodymium, praseodymium, dysprosium and terbium. These materials are essential for manufacturing permanent magnets, catalysts and polishing compounds. The advanced ceramics division offers tungsten carbide powders, alumina and zirconia ceramics used in wear-resistant components, cutting tools, oil- and gas-exploration equipment and industrial coatings. The magnetic powders segment manufactures bonded and sintered magnet materials, serving customers in electric vehicles, industrial automation, consumer electronics and renewable energy sectors.
Founded in 2006 following the acquisition of a rare earth magnet business from a major mining company, Neo Performance Materials has since evolved through strategic investments and acquisitions. Headquartered in Toronto, Canada, the company maintains a global footprint with manufacturing facilities in Canada, the United States, Estonia, China and Malaysia, as well as sales and technical support offices in Europe and Asia. This extensive network enables Neo to secure raw material sources, optimize production costs and deliver timely customer support across multiple continents.
Neo is guided by a seasoned management team with deep expertise in materials science, engineering and global supply chains. The board of directors comprises industry veterans who steer corporate strategy and oversee investment in research and development. Through ongoing collaboration with universities, research institutes and key customers, Neo continues to advance material performance, enhance product sustainability and support the technological needs of its diverse end-market customers.
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