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🇪🇪 Estonia /Technology

U.S. company dramatically expands South Korean magnet plant

From Postimees · () Estonian

Translated from Estonian and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified New plan
  • U.S. company Evolution Metals & Technologies is expanding its South Korean factory.
  • The project will increase electrical capacity nearly sixfold and multiply the plant’s production area.
  • The company aims to produce 10,000 tonnes of rare-earth permanent magnets annually.

Evolution Metals & Technologies is sharply expanding its factory in South Korea, increasing its electrical capacity nearly sixfold and enlarging its production area several times over.

The expansion aims to raise the plant’s annual output of permanent magnets made from rare earth metals to 10,000 tonnes.

About this summary

Originally published by Postimees in Estonian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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