magnet manufacturing facility europe Archives

Permag Signs Lease for New Manufacturing Facility in Korntal-Münchingen to Serve the European Market

April 22, 2026 Editorial Staff Comments Off

Permag, a global leader in rare earth materials, advanced engineering, and precision manufacturing of high-performance magnets and magnetic assemblies, announced the signing of a lease for a 3,000 m2 (32,300 sq2) manufacturing facility in Korntal-Münchingen, Germany. The new facility will strengthen the company’s footprint in Europe and enhance its ability to serve customers across the European market with faster lead times, localized support, and expanded production capacity. […]

Neo Extends Strategic Partnership for High-Performance Magnets with Bosch

October 27, 2025 Editorial Staff Comments Off

Neo Performance Materials Inc. recently announced the signing of a multi-year Memorandum of Understanding with Robert Bosch GmbH, a leading global supplier of technology and services. Given this extended supplier partnership and in conjunction with Neo’s new capacity launch planning, Neo will reserve significant annual magnet production capacity for its customer Bosch, with a clear mutual target for both partners to transition the capacity reserve into definitive projects. […]

Neo Performance Materials Opens State-of-the-Art Permanent Magnet Facility in Europe

September 22, 2025 Editorial Staff Comments Off

Neo Performance Materials Inc. has announced the grand opening of its new, state-of-the-art permanent magnet manufacturing facility in Estonia. The inauguration marks a significant milestone in establishing a resilient, independent European footprint to supply critical rare earth magnets essential to electric vehicles, wind energy, robotics and the broader energy transition. […]

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