Hangzhou Permanent Magnet Group Co. Ltd. (HPMG) is one of the leading manufactures of permanent magnets in China, enjoying high reputation in the fields of automobile, communication, health care, aerospace etc. Established in 1980, HPMG, with a group turn oover of 58 million US dollars, now consists of 9 subsidiary companies and a number of departments for sales and supply, with a total staff of 1000. To keep abreast of the updated development in the field, the Group has set up an R&D Department, a laboratory and the internal information system, with a view of applying the state-of-the-art technology to the production.