Neo Performance Materials is built upon a longstanding track record of producing and supplying advanced materials that meet or surpass even the most demanding needs of our customers worldwide. The company itself is the result of the fluid evolution and combination of several entities dating back to the invention of Neo powder in 1982, and progressing to the merger of Magnequench and AMR Technologies in 2005 (forming Neo Material Technologies), the subsequent acquisition by Molycorp, Inc., in 2012, and successful transition to a private company in 2016.
As a result of a financial restructuring of Molycorp, Inc., Neo Performance Materials emerges as a new private company with a rich history that now includes a rare earth and rare metals processing facility in Estonia.
Neo Material Technologies, Inc. is acquired by Molycorp, Inc., in June of 2012.
2010 through 2011
Neo Material Technologies acquires majority interests in additional rare metals production facilities in Quapaw, Oklahoma, Sagard, Germany and completes construction of a new gallium tri-chloride production facility is completed in Hyeongok, South Korea.
2009 through 2011
Neo Material Technologies acquires a Canadian private company with rare metals production facilities in Peterborough, Ontario and Blanding, Utah.
2005 through 2006
Privately-owned Magnequench merges with AMR Technologies, Inc. (“AMR”) of Toronto, Canada, adding a powder production facility in Tianjin, China and product development facility in Singapore. AMR changes its name to Neo Material Technologies, Inc. in 2006.
The construction of a new powder manufacturing facility is completed in Korat, Thailand.
Joint ventures with two established rare earth processing facilities in China are negotiated and completed
Magnequench starts producing Neo Powder in the United States.