Innova Magnetic Materials has sufficient production capacity and plans to expand in the future

Innova has two magnetic material production bases in Ganzhou and Hengdian. The current magnetic material production capacity is about 13,000 tons, and the capacity utilization rate is about 70%-80%. The company said that at this stage, the production capacity is mainly increased through equipment renewal and production line transformation. In the future, the capacity planning will be further carried out according to market demand and business conditions in the medium and long term.