Neo Performance Materials get gold medal from EcoVadis
by CM Staff
This places Neo's Silmet facility in Sillamäe, Estonia in the top five per cent of all facilities reporting to EcoVadis globally for its sustainability programs in 2022.
Separated rare earth product being prepared for shipment at Neo’s Silmet Plant in Estonia. (CNW Group/Neo Performance Materials, Inc.)
TORONTO —Neo Performance Materials’ facility in Estonia has earned a Gold Medal by EcoVadis for its 2021 sustainability programs.
The company says this places Neo’s Silmet facility in Sillamäe, Estonia in the top five per cent of all facilities reporting to EcoVadis globally for its sustainability programs in 2022.
The Silmet facility processes mixed rare earth feedstock into a variety of high-purity rare earth specialty materials, including neodymium-praseodymium oxide, which is used by Neo’s Magnequench business unit to produce neodymium-iron-boron, magnetic materials and magnets for automotive, factory automation, home appliance, circulation pump, and other applications.
The facility also produces environmental vehicle catalyst materials as well as high-purity niobium and tantalum metals.
“I am very pleased and proud of our entire Estonian team for achieving a Gold Medal from EcoVadis for its 2021 sustainability performance and for doing so well in our first year of independent EcoVadis review,” said Jeff Hogan, Neo’s executive vice president and head of the company’s Chemicals and Oxides unit.
“This recognition by EcoVadis helps to illustrate to our customers and stakeholders that Neo takes sustainability and environmental protection very seriously.”
Neo also says it is working on plans to expand the Silmet plant’s rare earth processing capacity and plans to establish sintered NdFeB magnet manufacturing in Estonia.
