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

Permag™ Expands European Presence with New Manufacturing Facility

Permag™, a leading global provider of rare earth materials and advanced manufacturing solutions, has announced the signing of a lease for a new production site in Korntal-Münchingen, Germany. This facility, covering 3,000 square meters (approximately 32,300 sq ft), is part of a strategic initiative to enhance the company’s production capabilities within the European market.

Enhancing Local Operations

The new manufacturing site will significantly bolster Permag's operational presence in Europe, allowing the company to deliver quicker turnaround times, provide localized support, and expand its production capabilities to cater to customer needs across various sectors, including aerospace, defense, medical technology, and semiconductors. With over 75 years of experience in high-performance magnet manufacturing, Permag is poised to offer more customized and precise solutions for mission-critical applications.

Joe Stupfel, Chief Executive Officer of Permag, stated, “This new manufacturing site marks a pivotal milestone in our global growth strategy. Establishing a production presence in Europe will facilitate closer collaboration with our European customer base, enhance technical support, and increase the resilience of our supply chains. We are committed to maintaining the high standards of engineering and manufacturing precision that our customers have relied upon for decades.”

Future-Focused Operations

Scheduled to be fully operational in the second half of 2026, the Korntal-Münchingen facility will serve as a hub for prototype development, precision manufacturing, and technical collaboration. The site is strategically located with easy access to key transportation and logistics networks, which will further enhance Permag’s commitment to quality and innovation, especially for clients in highly regulated markets.

Carlos Castro, the European General Manager of Permag, emphasized the dual nature of this strategic move. “The opening of our new location represents a double milestone. It provides us with operational independence from our U.S. organization while simultaneously strengthening our proximity to our European customers and partners. This allows for closer collaboration, faster response times, and increased flexibility in meeting complex engineering and manufacturing demands.”

Investment in Future Growth

The facility is designed to be equipped with modern manufacturing technologies, enabling the production of advanced magnets and magnetic assemblies that meet stringent tolerances, traceability, and quality standards. As the demand in Europe continues to grow, this site will not only meet current market needs but also allow for potential future expansions.

Permag’s dedication to innovation and superior quality underpins its commitment to overcoming the most challenging requirements of its customers in domains such as aerospace, defense, medical technology, and semiconductor markets. This strategic position in Korntal-Münchingen will undoubtedly foster more dynamic engagement with the growing European landscape.

About Permag

Permag™ is a world leader in the high-performance magnet industry, providing cutting-edge materials, precision-engineered components, and advanced magnet manufacturing essential for high-stakes applications. With a storied history that includes brands like Dexter, MCE, and EEC, Permag is committed to advancing innovation, delivering the highest quality, and addressing the most demanding challenges faced by its customers.