Ferrite magnets can be cut into various shapes and sizes for their excellent machining attributes. These electrically insulated magnets have high electric resistant attributes. Dry or wet pressing technology is followed for their production. Cutting precision of ferrite magnet is achieved by using diamond tools. Offered magnets are used as essential parts of loudspeaker, microphone, starter motor, brakes, hard drive magnet of computer and so on. As the core material of these magnets is in oxide form, so these magnets can not be oxidized. High corrosion resistant attribute is one of their main aspects.