eVAC Magnetics Rare Earth Permanent Magnet Manufacturing Facility
Sector: Chemical (Industrial) • Location: Sumter County, South Carolina, United States
Source: Stock Titan
eVAC Magnetics has completed construction of a rare earth permanent magnet manufacturing facility in Sumter County, South Carolina, supported by the US Department of War and a $111.9 million Qualified Advanced Energy Project Tax Credit. The facility produces magnets requiring rare earth oxides for product lines including neodymium-iron-boron and samarium-cobalt permanent magnets.
- Status
- Closed
- Sector
- Chemical (Industrial), Manufacturing (Industrial), Metal, Government, Steel
- Location
- Sumter County, South Carolina, United States of America
- Updated
- 22 Jul 2026
- Source
- Stock Titan
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Project Information
Participants
Sponsoring Agency |
Status
Original status | completed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | eVAC Magnetics has completed construction of a rare earth permanent magnet manufacturing facility in Sumter County, South Carolina, supported by the US Department of War and a $111.9 million Qualified Advanced Energy Project Tax Credit. The facility produces magnets requiring rare earth oxides for product lines including neodymium-iron-boron and samarium-cobalt permanent magnets. |
Original sector | Manufacturing |
Budget |
Location
Country | United States of America (USA) |
State | South Carolina |
City | Sumter County |
Source
Source | Stock Titan |
URL |
More Details
Record type | Project |
Sector | Chemical (Industrial), Manufacturing (Industrial), Metal, Government, Steel |
Article published date | 2025-11-06 |
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