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Cross Border News  + Industrial  | 
Phot of the interior of an advanced materials plant in Zibo, China.

Neo Opens New Advanced Materials Plant in China

Neo Performance Materials has opened a new emissions control catalysts production facility in China.

The Neo Jia Hua Advanced Materials (Zibo) Co., Ltd. (NAMCO) facility is located in Zibo, an industrial city located in the Shandong province in eastern China. The new manufacturing plant is a modernization and upgrade of the company’s previous catalyst plant in Zibo.

Emissions control catalysts are used in automobile catalytic converters that reduce harmful emissions. Neo recently held a grand opening ceremony for the plant.

“The relocation and modernization of NAMCO enables Neo to continue to service global automotive supply chains to meet more stringent emissions requirements across hybrid-vehicle and internal-combustion-engine platforms,” said Rahim Suleman, president and CEO of Toronto-based Neo.

“This investment enables NAMCO to meet increased customer demand and maintain Neo’s position as one of the top three global producers of rare-earth compounds for environmental and automotive emissions control catalysts. These innovative and advanced technologies play a crucial role in the clean energy transition, and we look forward to continued success in expanding our world-class product portfolio.”

The facility has started to receive customer approvals and is slated to become fully operational by year-end 2024 following final commissioning.

Neo said it had invested US$46.4 million in the project by mid-year 2024. The company reduced its initial project budget to US$70 million, achieving a $50-million servings, according to a Neo news release.

In addition to operating its Toronto headquarters, Neo has corporate offices in Greenwood Village, Colo.; Singapore; and Beijing, China. The company’s global platform includes 10 manufacturing facilities in Canada, China, the U.S., Germany, Estonia, Thailand and the United Kingdom, and one research and development centre in Singapore. 

Photo: CNW Group/Neo

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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