Permag, the only US-based producer of samarium cobalt magnets, is making an aggressive expansion of its manufacturing capacity at the Lancaster, Pennsylvania facility of group member Electron Energy Corporation, enabling it to boost the domestic supply chain for the critical magnets and components.
The multi-million-dollar capital plan began several months ago and more than doubles the production capacity. The expansion includes state-of-the-art alloying, pressing, and fabrication equipment in order to support the growing demands of its customers directly and through the other Permag companies—Dexter Magnetic Technologies and Magnetic Component Engineering. Following this initial expansion, EEC intends to further invest in additional SmCo production capacity to help meet growing demand.
“Critical industries around the world rely on a stable and secure supply of SmCo magnets, and we are in a unique position to meet the growing demand for this essential material and the magnet solutions produced from it,” said Joe Stupfel, CEO of Permag. “Our goal is to significantly increase the domestic production of SmCo magnets, supporting the priorities of the US, strengthening domestic supply chains, and meeting growing commercial demands. Permag is the only vertically integrated supplier of SmCo magnets and magnetic assemblies, and these investments further our ability to offer compelling solutions to our customers.”
Also, Permag recently announced its plans to achieve DFARS 252.225-7052 compliance for neodymium-iron-boron (NdFeB) and SmCo magnets by mid-2026, well in advance of the January 1, 2027, deadline. DFARS compliance refers to a set of cybersecurity requirements established by the US Department of Defense that contractors must meet to handle controlled unclassified information if they are involved in DoD contracts.
Permag’s companies Dexter, EEC, and MCE have been leading suppliers, engineers, and manufacturers of high-end magnetic solutions for more than 70 years, serving aerospace/defense, semiconductor, medical and industrial customers globally. See www.permag.com.
