Noveon Magnetics Inc.

Noveon Magnetics Inc.

is a leading manufacturer of sintered neodymium-iron-boron (NdFeB) rare earth magnets, based in San Marcos, Texas. Founded in 2014 and rebranded in 2023, Noveon is the only operational producer of these magnets in the United States and has reshored full-scale production for the first time in over two decades. The company operates a state-of-the-art 150,000 sq ft facility and plans to expand with a second location in South Korea. Noveon specializes in recycled rare-earth magnet production through its patented “Magnet-to-Magnet” recycling process, known as EcoFlux. This innovative approach significantly reduces energy consumption and environmental impact while producing high-performance magnets suitable for various applications, including electric vehicles, industrial motors, and defense systems. Noveon is committed to sustainability and domestic independence, ensuring a secure supply chain for critical industries. The company is certified under ISO 9001 and AS9100D, providing quality assurance and detailed magnetic property data.