Materials/Manufacturing

VAC Awarded $111 Million Tax Credit for New Magnet Factory in USA, Makes Recycling Deal with Cyclic Materials 

e-VAC Magnetics, part of Vacuumschmelze, has been awarded a $111.9 million Qualifying Advanced Energy Project Tax Credit to advance the construction of its first USA magnet manufacturing facility in Sumter, South Carolina. The facility was […]

Materials/Manufacturing

Now Investor-Owned, VAC to Build Big Magnet Factory in South Carolina 

Vacuumschmelze, one of the world’s leading producers of magnetic materials and products has announced it will build a major new magnet factory in South Carolina that will supply domestically produced magnets in the USA. The move comes shortly after the company, based in Hanau, Germany, was acquired by investment group Ara Partners in October.  […]

e-Power Technology

VAC Focuses on Future of Current Sensing for Electrification 

The electrification of the world is advancing in almost every industry, which has led to a rapid increase in the demand for high precision current sensors. VAC, a leading manufacturer of magnetic materials and products refined from them, has recently set up a new product management team at headquarters in Hanau, Germany and developed a new line of sensors to address these market demands. […]

e-Power Technology

GM Powers Ahead with e-Propulsion Innovation & Investment, Cutting Deals with VAC, GE Renewable Energy and MP Materials 

General Motors is reaching deep into its wallet to forge business growth and technical advancements in electric vehicles, including backing the establishment of new magnet factories in the U.S. while also driving innovation in permanent magnet and inductive motor technology.  […]