Plant Reopened 08:42 AM EDT, 05/18/2022 (MT Newswires) -- Neo Performance Materials Inc. (NEO.TO) on Wednesday said its high-purity heavy rare earth separations facility in Jiangyin, China has reopened for full operations after being shut down for 12 days following a government-mandated and city-wide lockdown order.
None of Neo's employees tested positive for the COVID virus, the company said. The Jiangyin plant is the only Neo facility that was forced to close temporarily because of the COVID pandemic.
Neo said all of its rare earth and rare metal production facilities worldwide are now fully operational.
"The fact that we are now running at capacity in all of our manufacturing facilities around the world is especially important given the increasing demand we continue to see for our specialized rare earth products," said Constantine Karayannopoulos, CEO of Neo.