Frontman and hard working John Huang just got a raise.
Thanks Bill Clinton for hooking up with all the ChiComs. I am sure this is not the end of the ChiComs snapping up technology. They have already been given 25 years worth of advancement during the Clinton Gore 90's.
I take it they moved to China?
I did a Google search and found this article, which suggests that this British corporation currently has a Chinese branch and appears to be exchanging engineers with China:
http://www.engineeringtalk.com/news/mao/mao103.html
The hits just keep on coming...
Looks like the plant closed and the move happened.
History
1982
General Motors, Sumitomo Special Metals and The Chinese Academy of Sciences independently discover a new permanent magnet material composed of neodymium, iron and boron.
1983
Magnetism and Magnetic Materials Convention in Pittsburgh, PA - debut of Neodymium production methods by General Motors and Sumitomo Special Metals.
1986
General Motors creates business unit, Magnequench, and builds 175,000 sq. ft. plant in Anderson, Indiana, U.S.
1995
Beijing San Huan New Material High-tech, Inc., China National Non-Ferrous Metals Import & Export Corporation, and an investment group led by Sextant Group, Inc. acquire Magnequench and establish Magnequench International, Inc.
Magnequench begins capacity expansion in Anderson, Indiana. Total expenditures exceed $30 million over next four years.
1998
Magnequench acquires GA Powders to develop gas atomization process for making NdFeB powder.
Magnequench acquires Xinbao Special Metals in Tianjin, China.
Magnequench breaks ground for Tianjin, China powder manufacturing plant.
1999
Magnequench commences construction of its $10.5 million one-of-a-kind Technology Center in Research Triangle Park, North Carolina.
The United States International Trade Commission issues a General Exclusion Order, excluding from entry into the United States any unlicensed rare earth magnets or magnetic materials that infringe the claims of Magnequench's basic composition patents.
Magnequench International, Inc. forms a holding company, Magnequench, Inc., as its operations become more global.
2000
Magnequench's Technology Center opens in Research Triangle Park, North Carolina, offering design engineers a unique environment for working with our staff to create optimized prototypes.
Magnequench opens powder plant in Tianjin, China to expand capacity and to better serve Asian markets. The Tianjin plant also puts production close to the source of raw materials, reducing processing time and the need to carry excessive inventories.
Magnequench acquires Widia Magnet Engineering and the rare-earth magnet business from UGIMAG, Inc. to expand their permanent magnet offering to include sintered and injection-molded NdFeB, samarium-cobalt, Alnico and ferrite.
2001
Magnequench files patent lawsuit against US companies:Acer America Corp.; Acer Inc.; Best Buy Co. Inc.; Circuit City Stores, Inc.; CompUSA Inc. and its parent, Grupo Sanborns SA de CV; Philips Business Electronics North America Corp., Philips Business Electronics International B.V.; Koninklijke Philips Electronics N.V.; Samsung Electronics America, Inc.; Samsung Electronics Co., Ltd.; Sony Computer Entertainment America, Inc.; Sony Computer Entertainment, Inc.; Toshiba America Electronic Components, Inc.; Toshiba America, Inc.; Toshiba Corporation, Compaq Computer Corporation and Hewlett-Packard Company.
Magnequench closes Anderson, Indiana plant and consolidates all powder production at Tianjin, China facility.
Magnequench opens magnet production facility in Juarez, Mexico.
The Board of Patent Appeals and Interferences of the United States Patent and Trademark Office rendered final judgment affirming Magnequench's rights to all claims in its core neodymium-iron-boron patents.
To better serve the majority of powder customers who are in Asia, Magnequench closes Technology Center in Research Triangle Park, and relocates all R&D to a new 17,000 sq. ft. facility in Singapore Science Park.
Magnequench divests all of its magnet businesses, to focus on providing rare earth-iron-boron powders and powder products.
Magnequench files patent infringement lawsuit in the US against: Microsoft, Philips, Sony Corporation, Eastman Kodak, Dell Corporation, Acer Inc., ASUS Computer International, Iomega Corporation, LG Electronics, Lite-On Technology Corporation, Memorex Products, Inc., TEAC Corporation and Wal-Mart.
ching ping
But, but free trade is good for America!!!! </SARCASM OFF>
ping
Mention of the same rare earth minerals China could get from their proposed purchase of Unocal.
Even more fundamentally, shouldn't advanced weapons (or its critical components) only be allowed to be produced domestically?
bookmark
More critical transfers that must not, IMHO, be allowed to got to the Red Chinese.
We send them critical defense manufacturers now?
How long before we acknowledge that China has become our master - and America is their slave?
I'm always suspicious about the reasons behind posting articles over three years old......
Great idea! Why didn't we think of this during WWII. If the bombs are assembled by the ones most like to need bombing, just think of the savings, cheap labor, and zero delivery to target, cost..........but shouldn't we, if that is the ploy, be having our bombs assembled by the Iranians or North Korea? Oh......maybe those are our bombs the axis of evil twins are assemblying? I'll bet they promised us free delivery too.
I recommend you see the movie Deterrence.
...and what are we suppossed to do about China buying American companies? I would like to see some legislation that could delay a purchanse like this if it was dangerous to the national security.