Rare-earth magnet plant in Chesapeake, Virginia
One of 10,000+ projects Taiyo tracks in Virginia.
Source: The Korea Times
LS Cable & System (C&S) is reviewing the feasibility of building a rare-earth magnet plant in Chesapeake, Virginia, to enhance energy security and stabilize supply chains in Korea and the United States. The plant is expected to be located next to the LS GreenLink USA cable manufacturing and pier facility and will supply products to major carmakers and electronic equipment manufacturers. The projec
- Status
- Prospective
- Sector
- Manufacturing (Industrial), Warehouse, Commercial
- Location
- Chesapeake, Virginia, United States of America
- Updated
- 22 Jul 2026
- Source
- The Korea Times
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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 | LS Cable & System (C&S) is reviewing the feasibility of building a rare-earth magnet plant in Chesapeake, Virginia, to enhance energy security and stabilize supply chains in Korea and the United States. The plant is expected to be located next to the LS GreenLink USA cable manufacturing and pier facility and will supply products to major carmakers and electronic equipment manufacturers. The project involves an investment of $689 million and is expected to create more than 430 new jobs. |
Original sector | Manufacturing |
Budget |
Location
Country | United States of America (USA) |
State | Virginia |
City | Chesapeake |
Source
Source | The Korea Times |
URL |
More Details
Record type | Project |
Sector | Manufacturing (Industrial), Warehouse, Commercial |
Article published date | 2025-12-17 |
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