Niron Magnetics Receives Minnesota Forward Fund Award to Advance Sartell Manufacturing Facility

URLhttps://www.businesswire.com/news/home/20251020598
Sourcebusinesswire
Date Published10/20/2025

Additional Reshoring Information:

Company/Division name Niron Magnetics
Parent companyNiron Magnetics
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2025
Year reshoring implemented or to be implemented:2027
Capital investment ($):10
City reshored to:Sartell
State(s) reshored to:MN
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshorediron nitride-based magnets
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives
Government Incentive dollar amount:10,000,000
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