https://finance.yahoo.com/news/niron-magnetics-advances-u-permanent-125600716.html

URLhttps://finance.yahoo.com/news/niron-magnetics-adv
Sourceyahoo finance
Date Published03/16/2026

Additional Reshoring Information:

Company/Division name Niron Magnetics
Parent companyNiron Magnetics
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):700
Year reshoring announced:2026
Domestically, the work will be done:In-house
Capital investment ($):1800
City reshored to:Sartell
State(s) reshored to:MN
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshorediron nitride magnets (rare earth free)
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Skilled workforce availability/training
Find Reshoring Articles