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e-VAC Magnetics: plants, expansions, contracts and acquisitions · Endata

e-VAC Magnetics

United States AUTOMOTIVE COMPONENTS STEEL AND METAL PRODUCTS

Likely buyer ofPumps and Valves Specialty Chemicals Plastics and Polymers Packaging Industrial Textiles Semiconductors and Industrial Electronics+10 moreⓘ

Activity by year

1

2023202420252026

New facility

Announcements · 1

Dec 13, 2023NEW FACILITYSumter, South Carolina, United States$506.0M300 jobsops 2025
e-VAC Magnetics to build $506M rare-earth magnet plant in Sumter, South Carolina
e-VAC Magnetics, a subsidiary of German Vacuumschmelze, will invest $506 million to build a new facility in Sumter, South Carolina, creating 300 jobs. The plant will produce rare-earth magnets for electric vehicle engines and defense applications, with production starting in 2025.
e-VAC Magnetics Vacuumschmelze partner #Automotive Components #Steel and Metal Products scdailygazette.com

Sites · 1ⓘ

Site	Largest	Latest
Sumter, United States	$506.0M	2023-12-13

Home market · United Statesⓘ

Automotive Componentsimports

$135.3B+4.6%/yr

Automotive Componentsexports

Steel and Metal Productsimports

$171.5B+5.4%/yr

Steel and Metal Productsexports

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