Niron Magnetics Plans Sartell, Minnesota, Manufacturing Operations
10/15/2024
The company will purchase 79 acres of public land from the city to construct a rare earth-free permanent magnets manufacturing facility.
“We’re excited to partner with the City of Sartell. The community has built a welcoming environment for both our business and our future employees, making it the perfect location for Niron to put down our roots and expand into our next phase,” said Jonathan Rowntree, CEO of Niron Magnetics. “Sartell’s investments in creating a livable, sustainable community align perfectly with our values and vision for supporting GreenTech businesses in Minnesota. We look forward to working with our partners at the City of Sartell to usher in the next phase of American clean energy and manufacturing growth,.”
Niron Magnetics develops rare earth-free permanent magnets which offer a cost-effective, environmentally friendly alternative to traditional rare earth-based magnets. Permanent magnets are critical components of green technologies such as electric vehicle motors, wind turbines, and energy-efficient consumer electronics.
Project Announcements
GE Appliances Expands Jefferson County, Kentucky, Operations
06/30/2025
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024