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Neo Performance Materials Agrees to $50M Loan for Sintered Magnets Facility in Estonia

By MarketWatch   |   Nov 4, 2024 at 07:18 AM EST
Neo Performance Materials Agrees to $50M Loan for Sintered Magnets Facility in Estonia

Neo Performance Materials secured a $50 million loan from a Canadian export credit agency to support the construction of a sintered magnets facility in Estonia. The facility is crucial for green technologies and is expected to be completed in 2025, within the budget of $75 million.

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