Latest news with #MagPro
Malay Mail
07-05-2025
- Business
- Malay Mail
INIU Expands European Footprint Through Strategic Partnership with SFR
PARIS, FRANCE - Media OutReach Newswire - 7 May 2025 - Powering ahead with innovation, INIU , a globally trusted brand in portable power solutions, is proud to bring its products to even more French consumers through its ongoing partnership with SFR , one of France's leading telecom service in 2017, INIU focuses on innovative charging solutions and now serves over 40 million users across 174 countries. Powered by core technologies like TinyCell and HyperStack, along with cutting-edge design, INIU has earned international recognition with awards such as the iF Design Award, Red Dot Award, and CES Innovation latest products are now available across SFR's national retail network, including the MagPro Slim 5K/10K, Pocket Pro 10K 45W, and Leopard 100W Magnetic Cable, offering versatile charging INIU MagPro Slim 5K/10K, with its ultra-slim design and MagSafe, Qi2-certified compatibility, delivers a seamless charging experience for iPhone users—an ideal companion for SFR customers purchasing Apple devices. The 5K model is just 0.9cm thick—lighter than most smartphones—while both models support 15W Qi2-certified magnetic wireless charging and PD fast wired charging: 20W for the 5K, 45W for the 10K. You can power an iPhone 16 to 40% in 25 minutes or 51% in just 22 minutes. The 10K version, with its 10,000mAh capacity, can charge three devices at once and recharge an iPhone 15 about 1.9 times—perfect for staying powered on the just one-third the size of a phone, the Pocket Pro 10K 45W is ultra-compact yet powerful enough to charge laptops. With a built-in USB-C cable and strap, it easily clips to your bag. Supports dual-device fast charging, powering an iPhone 16 to 60% in 25 minutes. Compatible with iPads, AirPods, and more, keeping you powered and worry-free on the the trio, the Leopard Magnetic Cable 100W is a USB-C to C fast charging cable built for serious speed and durability. It features a magnetic auto-winding system to keep cables tangle-free, supports 100W Power Delivery, and charges a MacBook Pro to 60% in only 45 minutes. Reinforced with FLYWEAVE nylon and an Emarker chip, it's built to withstand over 45,000 this launch, INIU continues its mission—reliable performance, simplified choice—now available to SFR customers across #INIU The issuer is solely responsible for the content of this announcement.
Associated Press
15-04-2025
- Business
- Associated Press
RDP/MagPro Partnership Brings Production and Jobs to America
FOREST CITY, Iowa, April 15, 2025 /PRNewswire/ -- Rural Development Partners (RDP) awarded $17.5 million in New Markets Tax Credit (NMTC) financing to MagPro, LLC, a Nonferrous Metal Production and Processing corporation located in Camden, Tennessee. Funding will enable the purchase of parts necessary to construct 5-7 vacuum furnaces, driving expansion and growth for the company while creating an additional 150 quality jobs in rural Benton County. RDP allocation is the second in a two-phase business plan utilizing NMTCs, the first enabling MagPro to increase production by nearly 100% while creating over 50 new jobs. Employees receive specialized in-house training and workforce development opportunities unique to the industry, presenting a great opportunity for rural workers to economically further their skillsets. Benton County Mayor Mark Ward stated, 'The expansion will significantly benefit our local and nearby rural communities. MagPro's understanding of the value of meaningful contributions has made it an integral part of our economic development efforts, and we greatly appreciate their continued partnership and support.' The United States magnesium industry consumed $4.35 billion worth of magnesium in 2021, $4.58 billion in 2022, and is projected to reach $7.6 billion in sales by 2032. MagPro is building its cash reserves so it can undertake substantial increases in the purchasing of raw materials and inventory. There is, effectively, an unlimited amount of raw material available, but shortfall of those who can manufacture and recycle magnesium the way MagPro can. The company's immediate goal is to promote their current product line while extending its portfolio of products and services. Magnesium is primarily used in the aluminum and steel industries, also by die casters who make parts for the aerospace, automotive and medical industries, the military, and so much more. MagPro's business plan projects a 25% increase in the purchase of inventory and raw materials, resulting in a 40-50% increase in sales volume over the next five years. Their ultimate goal within the next 10 years is to become the largest primary magnesium producer in the United States, bringing jobs to America and substantially decreasing U.S. industry dependence on imports. 'RDP is proud to partner with MagPro on this very impactful project to enable them to strengthen their efforts in providing high-quality jobs in Camden and the surrounding area. China is currently the world leader in magnesium manufacturing and MagPro's expansion will greatly help reduce the USA's industry reliance on them.' – Dan Helgeson, CEO of Rural Development Partners MagPro MagPro LLC was founded in 2003 and is one of the world's largest magnesium recyclers, and second largest producer of Primary Magnesium in the United States. MagPro is the only magnesium manufacturer in the world that recycles low grade magnesium scraps, offering a number of tolling conversion programs for specification as well as specialty alloys tailored to meet individual customer needs. Rural Development Partners LLC Rural Development Partners is a Community Development Entity with a national service area eligible to apply for an annual allocation of Federal New Markets Tax Credits. From 2004 through 2024, RDP has won thirteen NMTC awards from the US Treasury totaling $816.7 million. Funding has helped over 50 businesses and nonprofits expand to provide quality jobs, economic impacts, and healthy food access in underserved communities. RDP seeks to serve and partner with businesses, non-profits, communities, and government entities that share its mission to build public-private partnerships for catalytic job growth in rural America. Learn more about RDP and the NMTC program by visiting our website or social media platforms at Facebook, LinkedIn, and YouTube. Media Contact: Rural Development Partners [email protected] View original content to download multimedia: SOURCE Rural Development Partners
