# Seongrim Advanced Materials to build rare-earth magnet plant in Daegu, South Korea

Seongrim Advanced Materials will build a factory in Daegu Technopolis to produce high-heat-resistant permanent magnets for electric vehicle motors, with production starting next year.

- Type: New facility
- Announced: 2021-10-20
- Where: Daegu Technopolis, Daegu, South Korea
- Starts operating: 2022
- Status: announced
- Products: high-heat-resistant permanent magnets for EV motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Seongrim Advanced Materials](https://endata.com/companies/58558.md)

## Sources

- [fnnews.com](https://www.fnnews.com/news/202110201327151975), 2021-10-20: "성림은 대구 테크노폴리스 3500여평에 전기자동차 구동모터의 성능을 높이는 고내열성 영구자석 공장을 건립해 내년부터 생산에 들어갈 계획이다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.