#USA #Lancaster #Permag™ #Samarium Cobalt #Magnet Manufacturing

Permag™ Expands Manufacturing Capacity

Permag™, renowned as the sole U.S. manufacturer of Samarium-Cobalt (SmCo) magnets, has announced a significant investment aimed at expanding its domestic manufacturing capabilities. The company is enriching its Electron Energy Corporation facility located in Lancaster, Pennsylvania, with an eye toward developing a secure and resilient domestic supply chain for these essential magnetic components. This multi-million-dollar investment is expected to double the production capacity of the plant, thus ensuring that Permag™ is well-positioned to meet the burgeoning demand for SmCo magnets across various industries.

The plan for expansion has been in the works for several months and will incorporate cutting-edge alloying, pressing, and manufacturing technologies. This upgrade is designed not only to boost overall production but also to enhance the efficiency of processes that respond directly to the needs of their customers. Moreover, the newly improved capabilities will provide essential resources not just for Permag™ but also for its subsidiaries including Dexter Magnetic Technologies and Magnetic Component Engineering.

Joe Stupfel, CEO of Permag™, stated that "critical industries around the world rely on a stable supply of SmCo magnets, and we are uniquely positioned to meet the rising demand for this essential material and the superior magnetic solutions derived from it." He further emphasized the company's commitment to increasing domestic production, thereby reinforcing national supply chains and addressing commercial needs effectively.

As part of this ongoing initiative, the Electron Energy Corporation (EEC) plans to continue investing in its SmCo production capacity to keep pace with future demands. The announcement signifies a broader commitment to strengthening the United States' manufacturing landscape amid critical industrial requirements, aligning their efforts with federal priorities focused on national supply chain resilience.

The Permag group, which has been delivering high-performance magnetic solutions for over 70 years, has a proven track record of servicing various markets including aerospace, defense, semiconductor, medical, and industrial sectors worldwide. Their reputable standing ensures that they remain at the forefront of innovative solutions while solving complex challenges faced by their clientele.

In an added development, Permag™ has announced its goal to achieve compliance with the Defense Federal Acquisition Regulation Supplement (DFARS) 252.225-7052, aimed at advancing their processes for Neodymium-Iron-Boron (NdFeB) and SmCo magnets well ahead of the imposed 2026 deadline. This proactive approach demonstrates Permag™'s dedication to both innovation and meeting regulatory standards.

As a leader in providing high-performance magnetic solutions, Permag™ continues to prioritize pushing the boundaries of technology while ensuring that quality and reliability are maintained across its products. Their extensive legacy established through Dexter, MCE, and EEC reinforces their commitment to delivering superior engineering components and advanced magnetic assemblies.

For more details, stakeholders or interested parties are encouraged to reach out to Gustavo Olano, Senior Marketing Director at Permag, for comprehensive insights on the expansion and its anticipated impacts.