Business Opportunities for Globalization of China Magnet Industry: Experience of Activity of Virtual International Company

摘要

Globalization of economy and world-wide competition demand drastic reduction of time to accomplish innovative R&D projects, continuous effort for cost reduction, and optimization of work through the International division of labor. Additional features of environment: continuous improvement of magnetic characteristics, involvement of new materials and technologies; migration of professionals and whole companies - all together require seeking for new forms of cooperation of magnet suppliers and consumers to ensure "win-win" situation.