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eVAC Magnetics Rare Earth Permanent Magnet Manufacturing Facility

Sector: Chemical (Industrial) • Location: Sumter County, South Carolina, United States

Source: Financial Content

Project
Completed

eVAC Magnetics has completed construction of a rare earth permanent magnet manufacturing facility in Sumter County, South Carolina with support from the US Department of War and a $111.9 million Qualifying Advanced Energy Project Tax Credit. The facility is part of a strategic alliance with Ucore and Vacuumschmelze for the supply of high-purity rare earth oxides.

Status
Closed
Sector
Chemical (Industrial), Manufacturing (Industrial), Government
Location
Sumter County, South Carolina, United States of America
Updated
22 Jul 2026
Source
Financial Content

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The project “eVAC Magnetics Rare Earth Permanent Magnet Manufacturing Facility” is an infrastructure initiative in the Chemical (Industrial) sector, located in Sumter County, South Carolina, United States. Taiyo aggregates data on it from Financial Content.

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 with support from the US Department of War and a $111.9 million Qualifying Advanced Energy Project Tax Credit. The facility is part of a strategic alliance with Ucore and Vacuumschmelze for the supply of high-purity rare earth oxides.

Original sector

Manufacturing

Budget

Location

Country

United States of America (USA)

State

South Carolina

City

Sumter County

Source

Source

Financial Content

URL

More Details

Record type

Project

Sector

Chemical (Industrial), Manufacturing (Industrial), Government

Article published date

2025-11-06

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