United States, Aug. 15 -- ABB has entered into a long-term supply agreement with Noveon Magnetics, an operational U.S. manufacturer of sintered rare earth magnets. Under the terms if the agreement, Noveon will supply ABB with high-performance NdFeB magnets for use in industrial motor applications. The multi-million-dollar deal will support ABB's North American manufacturing operations, with a ramp-up in deliveries beginning August 2025. Under the agreement, Noveon will begin monthly deliveries in August 2025 and scale up to supply all magnet parts used in ABB's North American motor production facility by the end of 2026. Capacity for the deal is secured, underscoring ABB's confidence in Noveon's long-term capabilities and product quality. T...