Niron Magnetics High-Volume Magnet Manufacturing Plant
Sector: Aerospace & Defense • Location: United States
Source: Business Facilities
Niron Magnetics is initiating a formal site selection process for a new high-volume manufacturing plant in the U.S. The 1,600,000-square-foot project will expand national production capacity for rare-earth-free Iron Nitride permanent magnets, supporting automotive, consumer electronics, industrial, and defense sectors. The plant will manufacture up to 10,000 tons of magnets annually, create more t
- Status
- Prospective
- Sector
- Aerospace & Defense, Automotive, Metal, Manufacturing (Industrial)
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- Business Facilities
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Project Information
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 | Niron Magnetics is initiating a formal site selection process for a new high-volume manufacturing plant in the U.S. The 1,600,000-square-foot project will expand national production capacity for rare-earth-free Iron Nitride permanent magnets, supporting automotive, consumer electronics, industrial, and defense sectors. The plant will manufacture up to 10,000 tons of magnets annually, create more than 700 full-time jobs, and represent a significant economic development opportunity. |
Original sector | Advanced Manufacturing |
Budget |
Location
Country | United States of America (USA) |
Source
Source | Business Facilities |
URL |
More Details
Record type | Project |
Sector | Aerospace & Defense, Automotive, Metal, Manufacturing (Industrial) |
Article published date | 2026-03-19 |
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