News

Ferrite Cores Dimension Improved (2001.11.15)

With technology developing, now Magtek could supply cores with EP5, G5.8 etc. small size series and EE185, EE320, EC120, UU120 etc. large size series. Please just contact us for more information about it. Magtek will go on developing new material and different size to meet customers’ requirement.

WTO NEWS: 2001 PRESS RELEASES (2001.11.13)

Press/252
10 November 2001
WTO Ministerial Conference approves China's accession

The WTO's Ministerial Conference approved today (10 November) by consensus the text of the agreement for China's entry into the WTO. China will become legally a member 30 days after the WTO receives notification of the ratification of the agreement by China's Parliament.

The documents adopted today by the Conference are the report of the Working Party for the Accession of China, the protocol of accession, which includes the terms of membership, and the schedule of China’s commitments on market access for goods and services.

“This is an historic moment for the WTO, for China and for international economic cooperation”, said WTO’s Director-General, Mike Moore, commenting on the approval of China’s accession.

“China, one of the fastest growing economies in the world, has made tremendous progress in the last decade in reducing poverty thanks to an economic system increasingly open to trade and foreign investment. Now this economy will be subjected to the rules-based system of the WTO, something which is bound to enhance global economic cooperation”, said Mr. Moore.

After the approval of China’s accession, the head of the Chinese delegation, Shi Guangsheng, Minister of Foreign Trade and Economic Cooperation, said “We need to invite all members to formulate the international trade rules of the new century through equal participation and consultation, so as to enable more developing countries to share the opportunities and interests brought about by the economic globalization and to avoid the further widening of the gap between rich and poor and protect some countries against being marginalized.”

Under the chairmanship of Ambassador Pierre-Louis Girard of Switzerland, the Working Party concluded on 17 September almost 15 years of negotiations with China and agreed to forward some 900 pages of legal text for formal acceptance by the 142 Member governments of the WTO.

As a result of this negotiation, China has agreed to undertake a series of important commitments to open and liberalize its regime in order to better integrate in the world economy and offer a more predictable environment for trade and foreign investment in accordance with WTO rules.

Epoch-making new material coming soon!

As an aspect of our close cooperation with Science and Research insititutes and universities, we are working on the bran-new material NDFeN together with the authoritative experts and professors of Peking Uni. The new material NdFeN is excellent in magnetic performance and have the advantage of material cost. In order to industrialize the predominant scientific payoffs, a new company was invested by us at the beginning of this year. It is estimated that the mass production will start from February of 2002. The new company has the patent world-leading core-technology, and the most experienced senior staff from Magtek, it certainly has a bright future!

Magtek Inspection Center established

Equipped with the most advanced testing technology and equipments from Jiliangyuan, we have established the Magtek Inspection Center in the middle of 2000. By running thorough and regular inspections in the center, we can give our customer a better assurance of Zero-defect quality, and know better about customers' specific requirements, as well as improve our technical know-how about the most advanced new material.