Proterial to Invest $225M in Rare Earth Magnet Plant in Andhra Pradesh, India

Published: Jul 02, 2026 19:03 (GMT+8)

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Japanese company Proterial will invest 22.5 billion rupees to build a rare earth permanent magnet manufacturing plant in Andhra Pradesh. The project, located in Achyutapuram, Anakapalli district, will have an annual production capacity of 1,200 mt of sintered NdFeB permanent magnets upon completion. Proterial (formerly Hitachi Metals) is one of the world's leading suppliers of advanced magnetic materials, with consolidated revenue reaching 450 billion rupees last year.

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