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Mecwin Technologies India Pvt. Ltd. has signed a Memorandum of Understanding (MoU) with Germany-based Fraunhofer IWKS to support development and production of sintered neodymium-iron-boron (NdFeB) permanent magnets in India.
{alcircleadd}The partnership is meant to augment India’s capabilities in manufacturing rare earth magnets, a segment gaining strategic importance in view of growing demand from electric vehicles, renewable energy systems, industrial equipment and defence applications.
Under the terms of the deal, Mecwin will set up a manufacturing facility in India for sintered NdFeB permanent magnets. The facility is anticipated to cater for a range of sectors including electric mobility, aerospace, industrial motors, renewable energy and advanced manufacturing.
The partnership will concentrate on the research, development and commercial production of rare earth magnets across the whole value chain from the metal to the magnet. Activities will range from pilot scale development to commercial deployment.
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The companies said the cooperation will cover processes such as alloy preparation, strip casting, hydrogen decrepitation, jet milling, magnetic field alignment, vacuum sintering, heat treatment, machining, coating, magnetisation and quality testing. The partnership will also include process optimisation, technical training and commissioning support.
The agreement sets a framework for future cooperation, individual research projects and funding arrangements are to be agreed separately on the basis of project-specific agreements.
The move comes as India is working to increase its domestic capabilities in critical minerals and rare earth materials, cutting down on dependence on imports and supporting the growth of new sectors such as electric mobility and clean energy technologies.
The MoU is non-exclusive and enables both organisations to seek other partnerships and projects in addition to this collaboration.
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