Materials/Manufacturing

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

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. […]