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India Singapore

Permanent Magnets, India partners with Lorentic, Singapore, for advanced magnetic products

Sep 01, 2025

On August 26, Permanent Magnets Limited (PML) announced that its subsidiary Quantum Magnetics Private Limited (QMPL) has signed a joint venture agreement with Lorentic Pte. Ltd. (Lorentic). Lorentic and PML will hold 49.02% shares each in the joint venture.
The JV will set up the Neodymium magnet assemblies’ plants.....

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