Neo Performance Materials building €100M magnet factory in Narva

Canadian company Neo Performance Materials is building a permanent magnet factory in Narva, Estonia, the first of its kind in Europe. Initial capacity is 2,000 tonnes of magnetic blocks per year, with potential expansion to over 5,000 tonnes and total investment of €250 million.

“The Canadian company Neo Performance Materials (Neo) is building a permanent magnet factory in Narva, Estonia, making it the first of its kind in Europe and the Western world.”miningsee.eu

• 1 source
• miningsee.euJust Transition Fund’s success: Neo’s €100M magnet factory in Narva | Mining South East EuropePost EditorNov 23, 2023

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