Neo Performance Materials Inc - Company Profile
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Neo Performance Materials Inc (Neo) is a manufacturer and supplier of custom engineered rare earth and rare metal products. It focuses on the production and distribution of advanced industrial materials, rare earth magnetic powders and magnets, specialty chemicals, metals, and alloys. The company's major products include magnetic powders, bonded permanent magnets, specialty chemicals, and high-value rare metals such as tantalum, niobium, gallium, hafnium, rhenium, and indium. Neo's products serve a diverse range of industries, including automotive, consumer electronics, medical imaging, and renewable energy, with applications in emissions control, wastewater treatment, and high-efficiency lighting. The company operates a global distribution network with manufacturing facilities in China, Germany, Estonia, the UK Canada, and Thailand, and R&D center in Singapore. Neo targets markets across North America, Europe, and Asia, providing critical materials for emerging technologies. Neo is headquartered in Toronto, Ontario, Canada.
Headquarters
Canada
Address
121 King Street West, Suite 1740, Toronto, Ontario, M5H3T9
Website
www.neomaterials.com
Telephone
1 416 3678588
No of Employees
1,773
Industry
Metals and Mining
Ticker Symbol & Exchange
NEO (TSE)
Revenue (2024)
$478.8M
0.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
22.9%
(2024 vs 2023)
Market Cap*
$1.4B
Net Profit Margin (2024)
XYZ
23.2%
(2024 vs 2023)
* As of and is in US$
Neo Performance Materials Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Rare Metal Products |
| Water Purification Products |
| Chemicals and Oxides Products |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Corporate Changes/Expansions | In September, the company opened a new permanent magnet manufacturing facility in Narva, Estonia. |
| 2025 | Contracts/Agreements | In September, the company signed a multi-year MoU with Bosch to extend their supplier partnership for high-performance magnets. |
| 2025 | Stake Sale | In April, the company completed the sale of majority equity interests in its China rare earth separation assets to Shenghe, receiving US$24.6 million for 86% of JAMR and US$3.4 million for 88% of ZAMR. |
Competitor Comparison
| Key Parameters | Neo Performance Materials Inc | China Rare Earth Holdings Limited | Avalon Advanced Materials Inc | NioCorp Developments Ltd | Rare Element Resources Ltd |
|---|---|---|---|---|---|
| Headquarters | Canada | China | Canada | United States of America | United States of America |
| City | Toronto | Wuxi | Toronto | Centennial | Littleton |
| State/Province | Ontario | Jiangsu | Ontario | Colorado | Colorado |
| No. of Employees | 1,773 | 220 | 15 | 7 | 9 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Edgar Lee | Chairman | Executive Board | 2025 | - |
| Rahim Suleman | President; Chief Executive Officer; Director | Executive Board | 2023 | - |
| Jonathan Baksh | Chief Financial Officer; Executive Vice President | Senior Management | 2023 | - |
| Kevin D. Morris | Executive Vice President; Chief Strategy Officer | Senior Management | 2023 | - |
| Gregory K. Kroll | Executive Vice President - Neo Magnequench | Senior Management | 2018 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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