(Permag: Lancaster, PA) -- Permag, the only U.S.-based producer of samarium cobalt (SmCo) magnets, announced an aggressive expansion of its magnetic manufacturing capacity to ensure a continued, secure, robust, and resilient domestic supply chain of critical magnetics.

Permag is making a multimillion-dollar investment in its Electron Energy Corporation (EEC) facility in Lancaster, Pennsylvania, to expand its magnetic manufacturing capacity. The plan began several months ago and more than doubles its production capacity. The expansion includes alloying, pressing, and fabrication equipment to support the growing demands of its customers directly and through the other Permag companies—Dexter Magnetic Technologies and Magnetic Component Engineering (MCE).

Following this initial expansion, EEC intends to further invest in additional SmCo production capacity to help meet growing demand.

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