Information
49 Dalseo-daero 85-gil, Dalseo District, Daegu, South Korea
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Overview
- Summary
- STARGROUP IND.CO.,LTD. is a mid-sized venture company established in 1994, specializing in high-performance permanent magnets for electronic products, aircraft surface treatment, and VCMs for hard disks. The company aims to be a global leader in rare earth permanent magnet applications. It is the first domestic producer of rare earth permanent magnets for electric vehicle drive motors, offering a total solution from material development to mass production.STARGROUP IND.CO.,LTD. is a mid-sized venture company established in 1994, specializing in high-performance permanent magnets for electronic products, aircraft surface treatment, and VCMs for hard disks. The company aims to be a global leader in rare earth permanent magnet applications. It is the first domestic producer of rare earth permanent magnets for electric vehicle drive motors, offering a total solution from material development to mass production.
- Key Products/Technologies
- Expertise in manufacturing rare earth sintered magnets (Nd-Fe-B permanent magnets), with strengths in producing and developing high-performance precision magnets. This includes various grades of products such as magnets for EV/HEV drive motors (UH~EH Grade), HEV HSG motors (UH Grade), EPS motors (SH Grade), and HDD VCM magnets (H Grade).Expertise in manufacturing rare earth sintered magnets (Nd-Fe-B permanent magnets), with strengths in producing and developing high-performance precision magnets. This includes various grades of products such as magnets for EV/HEV drive motors (UH~EH Grade), HEV HSG motors (UH Grade), EPS motors (SH Grade), and HDD VCM magnets (H Grade).
- Possession of the first domestic production technology for neodymium (Nd)-based rare earth permanent magnets, crucial for electric vehicle drive motors, with an annual production capacity of approximately 1,000 tons.Possession of the first domestic production technology for neodymium (Nd)-based rare earth permanent magnets, crucial for electric vehicle drive motors, with an annual production capacity of approximately 1,000 tons.
- Development of rare earth permanent magnet surface treatment technology and reduced heavy rare earth magnet manufacturing technology, which cuts heavy rare earth usage by 50-80% while maintaining performance.Development of rare earth permanent magnet surface treatment technology and reduced heavy rare earth magnet manufacturing technology, which cuts heavy rare earth usage by 50-80% while maintaining performance.
- Technology to minimize the use of heavy rare earth elements for high-temperature stability and economic efficiency, coupled with high precision and specialized processing capabilities.Technology to minimize the use of heavy rare earth elements for high-temperature stability and economic efficiency, coupled with high precision and specialized processing capabilities.
- Core Advantages
- A leading position in the domestic rare earth permanent magnet market as the sole domestic producer.A leading position in the domestic rare earth permanent magnet market as the sole domestic producer.
- Establishment of a stable raw material supply chain through local joint ventures in China and diversification of supply sources to Australia and Vietnam.Establishment of a stable raw material supply chain through local joint ventures in China and diversification of supply sources to Australia and Vietnam.
- Significant investment in R&D, with 40% of employees dedicated to research and development, and continuous accumulation of new technologies and system expertise for competitive advantage.Significant investment in R&D, with 40% of employees dedicated to research and development, and continuous accumulation of new technologies and system expertise for competitive advantage.
- Economic superiority achieved by reducing raw material costs by over 30% through heavy rare earth reduction technology, which produces high-performance magnets with less expensive rare earth usage.Economic superiority achieved by reducing raw material costs by over 30% through heavy rare earth reduction technology, which produces high-performance magnets with less expensive rare earth usage.
- Provision of a total solution from rare earth magnet material R&D to mass production and capabilities for customized product development.Provision of a total solution from rare earth magnet material R&D to mass production and capabilities for customized product development.
- A strong market reputation built on a history of partnerships with major domestic corporations like Hyundai Mobis and LG Innotek, and recent large-scale contracts with European automakers.A strong market reputation built on a history of partnerships with major domestic corporations like Hyundai Mobis and LG Innotek, and recent large-scale contracts with European automakers.
- Target Industrie
- Electric vehicles and hybrid vehicles (drive motor magnets, regenerative braking system motor magnets).Electric vehicles and hybrid vehicles (drive motor magnets, regenerative braking system motor magnets).
- IT devices (VCMs for hard disk drives).IT devices (VCMs for hard disk drives).
- Industrial components (robot sensors, generators for defense industry, wind power generators).Industrial components (robot sensors, generators for defense industry, wind power generators).
- Aircraft (surface treatment).Aircraft (surface treatment).
- Various new industrial fields including electronic products, medical devices, and actuators.Various new industrial fields including electronic products, medical devices, and actuators.
- Major Markets
- China (local joint venture), Vietnam (established local subsidiary SGI VINA, pursuing factory construction)China (local joint venture), Vietnam (established local subsidiary SGI VINA, pursuing factory construction)
- Europe (supplying to automakers)Europe (supplying to automakers)
- United States (increasing demand for industrial products, discussing factory construction with Posco International)United States (increasing demand for industrial products, discussing factory construction with Posco International)
- Australia (rare earth raw material procurement)Australia (rare earth raw material procurement)
- Certifications/Patents
- New Technology Certification for Drive Motor Sintered Magnets (Ministry of Trade, Industry and Energy, 2023).New Technology Certification for Drive Motor Sintered Magnets (Ministry of Trade, Industry and Energy, 2023).
- IR52 Jang Young-shil Award (Ministry of Science and ICT, 2022).IR52 Jang Young-shil Award (Ministry of Science and ICT, 2022).
- Automotive Parts Industry Award (Ministry of Trade, Industry and Energy, 2022).Automotive Parts Industry Award (Ministry of Trade, Industry and Energy, 2022).
- Selected as one of the '100 Strong Small and Medium Enterprises for Materials, Parts, and Equipment' (Ministry of SMEs and Startups, 2019).Selected as one of the '100 Strong Small and Medium Enterprises for Materials, Parts, and Equipment' (Ministry of SMEs and Startups, 2019).
- World Class 300 selection (SME Administration, 2014).World Class 300 selection (SME Administration, 2014).
- Component and Material Specialist Company Certification (Ministry of Trade, Industry and Energy, 2013).Component and Material Specialist Company Certification (Ministry of Trade, Industry and Energy, 2013).
- Received the 50 Million Dollar Export Tower Award (2012).Received the 50 Million Dollar Export Tower Award (2012).
- Numerous domestic and international patent registrations and applications related to rare earth permanent magnet manufacturing methods.Numerous domestic and international patent registrations and applications related to rare earth permanent magnet manufacturing methods.
Introduction
Location
49 Dalseo-daero 85-gil, Dalseo District, Daegu, South Korea
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