LANCASTER, Pa., Aug. 26, 2025 /PRNewswire/ — Permag™, the one US-based manufacturer of samarium cobalt (SmCo) magnets, introduced an competitive growth of its magnetic production capability to safeguard a endured reserve, powerful, and resilient home provide chain of important magnetics.
Permag™ is creating a multi-million-dollar funding in its Electron Power Company facility in Lancaster, PA to amplify its magnetic production capability. The corporate, the one US-based manufacturer of samarium cobalt (SmCo) magnets, will determine a reserve, powerful, and resilient home provide chain of important magnetics to satisfy rising call for.
The multi-million-dollar capital plan at Permag’s Electron Power Company (“EEC“) production facility, positioned in Lancaster, PA, started a number of months in the past and greater than doubles its manufacturing capability. The growth comprises state of the art alloying, urgent, and fabrication apparatus to bring to assistance the rising calls for of its shoppers at once and throughout the alternative Permag corporations—Dexter Magnetic Applied sciences (Dexter) and Magnetic Quality Engineering (MCE).
Following this preliminary growth, EEC intends to additional put money into supplementary SmCo manufacturing capability to backup meet rising call for.
“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,” mentioned 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.”
Permag’s corporations Dexter, EEC, and MCE were well-known providers, engineers, and producers of top of the range magnetic answers for greater than 70 years, serving aerospace/protection, semiconductor, clinical, and commercial shoppers globally. Permag lately introduced its plans to reach DFARS 252.225-7052 compliance for neodymium-iron-boron (NdFeB) and SmCo magnets through mid-2026, neatly in go of the January 1, 2027, time limit.
About Permag
Permag is a world chief in high-performance magnetic answers, offering state-of-the-art fabrics, precision-engineered parts, and the build of complex magnets and magnetic assemblies to industries the place functionality issues maximum. With a affluent prosperous legacy constructed through Dexter, MCE, and EEC, the Permag staff of businesses is dedicated to compelling innovation, handing over great component, and fixing shoppers’ hardest demanding situations.
For more info, touch:
Gustavo Olano
Permag
Senior Director of Advertising
(978) 201-6910
[email protected]
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