Niron Magnetics Manufacturing Plant
Sector: Automotive • Location: Sartell, Minnesota, United States
Source: The Business Journals
Niron Magnetics Inc. has been awarded over $52 million in federal tax credit dollars to construct its rare-earth-free magnet manufacturing facility in Sartell. This facility will be the company's first full-scale manufacturing site, aiming to produce 1,500 tons of magnets annually for various applications including electric vehicles and consumer electronics.
- Status
- Prospective
- Sector
- Automotive, Electric Vehicles (EVs), Manufacturing (Industrial)
- Location
- Sartell, Minnesota, United States of America
- Updated
- 22 Jul 2026
- Source
- The Business Journals
ConstructChat
Ask ConstructChat about Niron Magnetics Manufacturing Plant
Pick a question to edit it, or write your own.
First answer free · no account
Project Information FAQ
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 Inc. has been awarded over $52 million in federal tax credit dollars to construct its rare-earth-free magnet manufacturing facility in Sartell. This facility will be the company's first full-scale manufacturing site, aiming to produce 1,500 tons of magnets annually for various applications including electric vehicles and consumer electronics. |
Original sector | Manufacturing |
Budget |
Location
Country | United States of America (USA) |
State | Minnesota |
City | Sartell |
Source
Source | The Business Journals |
URL |
More Details
Record type | Project |
Sector | Automotive, Electric Vehicles (EVs), Manufacturing (Industrial) |
Article published date | 2025-01-29 |
Research
Free account
View all details
You are reading the public part. A free account opens the rest:
- Every detail on this project
- News and media coverage
- Technical research
Free account · no card · lands you back on this project