Suoyi New Material Technology Company is strategically located in Handan,which is a 3,000 years historical and cultural city locating in southwest of Hebei Province of China, adjacent to Shanxi and Henan province having convenient traffic condition. Relying on the local abundant resources as well as the industry cluster advantage, Suoyi commits itself to research and develop advanced rare earth materials. Suoyi New Material Technology Company now has fixed assets over 200 million RMB yuan. The company has more than 184 employees among them about 80 technicians. Total production facility occupies more than 24000 m2 with four modern production lines of producing high purity rare earth oxides, rare earth salts and composites, rare earth metals & alloys as well as NdFeB magnets.