Founded in 1960, ILPEA is one of the leading designers and manufacturers of plastic, magnetic and rubber components in the world. The company offers a range of car components, window frames, shower units and household appliances. Its magnetic products division makes products by extruding and calendaring in-house formulated and produced ferrite powder-based compounds. ILPEA maintains several management, research and development centers. The company provides anisotropic magnets for applications in electric motors, sealing systems, sensors, promotional gadgets and magnetic displays. Its technical design department utilizes computer-aided design and manufacturing software. ILPEA manufactures special compounds under the trade name of NEDPRENE for the manufacturers of coatings for rolls used in the paper industry. The company operates Holm Industries.