Ssangyong Materials Corp. is a Korea-based company engaged in the manufacture of ferrite magnets and fine ceramic products. Its ferrite magnets consist of arc type magnets and rectangular type magnets mainly used for automobile motors. Its fine ceramic products include cutting tools, such as ceramic cutting tools, cermets cutting tools, polycrystalline cubic boron nitrides (PCBNs) and ploy crystalline diamonds (PCDs), tool holders, milling cutters, end mills and drills, as well as hydraulic expansion chucks, and industrial ceramics, such as faucet discs, ferrule for fiber optics, metalized parts, bio-ceramics and others.