# Wangbian Electric to build 80,000-tonne high-end magnetic material project

Wangbian Electric is building an 80,000-tonne high-end magnetic material project; domestic equipment expected by June 2023 adding 20,000-30,000 tonnes/year capacity, key imported equipment by June 2024 adding 50,000-60,000 tonnes/year, full production by 2025.

- Type: Expansion
- Announced: 2022-09-19
- Where: China
- Starts operating: 2025
- Status: under construction
- Capacity: 80,000 tonnes/year (total project); 20,000-30,000 tonnes/year (phase 1); 50,000-60,000 tonnes/year (phase 2)
- Products: grain-oriented silicon steel, high-end magnetic materials
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Wangbian Electric](https://endata.com/companies/64260.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/793795.html), 2022-09-19: "未来三年将专注募投项目和8万吨高端磁性新材料项目的建设"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.