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Europe's First Sustainable Permanent Magnet Factory

Sector: Manufacturing (Industrial) • Location: Noyarey, France

Source: Silicon Canals

Project
Planned

MagREEsource, a deep-tech industrial company based in Noyarey, France, has secured €23 million in funding to build Europe's first sustainable permanent magnet factory. The funding round was led by Fonds SPI 2, managed by Bpifrance on behalf of the French government under the France 2030 initiative.

Status
Prospective
Sector
Manufacturing (Industrial), Government, Water Supply and Storage
Location
Noyarey, France
Updated
22 Jul 2026
Source
Silicon Canals

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The project “Europe's First Sustainable Permanent Magnet Factory” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Noyarey, France. Taiyo aggregates data on it from Silicon Canals.

Participants

Not available for this record.

Status

Original status

planned

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

MagREEsource, a deep-tech industrial company based in Noyarey, France, has secured €23 million in funding to build Europe's first sustainable permanent magnet factory. The funding round was led by Fonds SPI 2, managed by Bpifrance on behalf of the French government under the France 2030 initiative.

Original sector

Industrial Manufacturing

Budget

Location

Country

France

City

Noyarey

Source

Source

Silicon Canals

URL

More Details

Record type

Project

Sector

Manufacturing (Industrial), Government, Water Supply and Storage

Article published date

2025-09-16

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