#Germany #Permag™ #Korntal-Münchingen #Rare Earth Materials

Permag™ Expands Its European Operations

Permag™, a globally recognized leader in rare earth materials, advanced engineering, and precision manufacturing of high-performance magnets, has recently made significant strides in expanding its European operations. On March 19, 2026, the company announced that it has secured a lease for a 3,000 m² production facility located in Korntal-Münchingen, Germany. This new site is poised to enhance Permag’s presence in Europe and significantly improve its ability to serve customers throughout the continent.

In an increasingly competitive market, this new facility will not only provide shorter delivery times but also localized support and increased production capabilities to meet customer demands. With over 75 years of expertise in manufacturing magnets and precision magnetic assemblies, Permag specializes in providing custom, high-precision solutions critical for various applications such as aerospace, defense, medical, and semiconductor industries. The Korntal-Münchingen site will serve as a hub for prototyping, precision manufacturing, and technical collaboration, ensuring that Permag meets the stringent demands of regulated markets.

Strategic Growth Initiative

Joe Stupfel, CEO of Permag, emphasized the strategic importance of this new facility in their global growth strategy. He stated, “The opening of this production unit in Europe enables us to collaborate closely with our European clients, offering them technical support and enhancing our supply chain resilience. This step is crucial in maintaining the high standards of technical excellence and precision manufacturing that our customers have relied on for decades.”

The facility is strategically located to ensure direct access to major transportation routes and logistical centers, further supporting the company’s commitment to quality, reliability, and innovation. The expectation is that this new site will be fully operational by the second half of 2026.

High-Technology Manufacturing Capability

Permag’s new plant in Korntal-Münchingen will feature state-of-the-art machinery designed to produce high-tech magnets and magnetic assemblies. These products will cater to complex applications requiring strict tolerances, full traceability, and rigorous quality standards. Carlos Castro, Managing Director of Permag for Europe, noted, “The launch of our new site is a significant milestone. It grants us operational autonomy from our American organization while enhancing our proximity to European clients and partners.” This localized approach facilitates more efficient collaboration, quicker response times, and greater flexibility to meet complex engineering and manufacturing demands.

Commitment to Innovation

Permag has a long-standing commitment to innovation and quality, building on the legacy of its core brands: Dexter, MCE, and EEC. The company’s dedication to delivering superior quality and tackling the most challenging needs of its clients is paramount, and this investment underscores their long-term commitment to the European market.

As the European landscape continues to evolve, particularly in sectors such as aerospace, defense, medical, and semiconductors, Permag’s expansion represents a strong vote of confidence in the region's capacity for innovation. The new facility is expected to place the company at the forefront of technological advancements in these crucial sectors.

For further information, please contact:
Gustavo Olano
Permag
Senior Marketing Director
+1 (978) 201-6910
Email Gustavo

Conclusion

The establishment of the Korntal-Münchingen site is not only a milestone for Permag but also reflects the company’s broader strategy to enhance its operational infrastructure in Europe. With cutting-edge technology and a focus on collaboration, Permag is well-positioned to meet the growing demands of its European clientele while fostering innovation and excellence in the manufacturing sector.