Company profile
Noveon Magnetics
Noveon Magnetics manufactures sintered neodymium-iron-boron magnets and magnetic assemblies in Texas. Its EcoFlux products serve electric motors, industria...
Facts
- Segment
- MATERIALS
- Country
- United States
- Headquarters
- San Marcos, Texas
- Founded
- 2014
- Website
- https://noveon.co/
About Noveon Magnetics
EcoFlux is Noveon’s sintered NdFeB product family, available as blocks, finished pieces or assemblies engineered to application requirements. The company uses grain-boundary engineering to target high-temperature performance with reduced heavy-rare-earth content, and its Magnet-to-Magnet process can convert end-of-life magnetic material into new magnets. These parts feed permanent-magnet motors, motion-control systems, sensors and other electromechanical assemblies used across automation, mobility, medical and defence equipment.
Research, material processing, production, assembly and delivery are concentrated at Noveon’s San Marcos, Texas manufacturing centre. The business positions this domestic footprint as an alternative source for customers exposed to imported rare-earth supply, and its products are marketed as compliant with U.S. defence sourcing requirements. Robotics relevance sits at the motor-material layer: Noveon supplies the permanent magnets that actuator and motor manufacturers integrate into complete drive systems.
Summary
Type: Magnetic-material supplier
Core: EcoFlux NdFeB magnets
Function: Supply permanent-magnet components
Audience: Motor and equipment manufacturers
Research, Articles and recent verified events
- Noveon closes $215 million Series C led by One Investment Management — 2026-01-19
- Solvay agrees to supply rare-earth oxides to Noveon from 2026 — 2025-11-12
- Noveon and Kangwon plan 2,000-tonne annual magnet plant in South Korea — 2025-11-03
- ABB signs long-term agreement for Noveon magnets in North American motor production — 2025-08-14
- General Motors begins receiving Noveon rare-earth magnets under multi-year agreement — 2025-08-06
- Nidec signs five-year off-take agreement with Noveon for more than 1,000 tonnes of magnets — 2025-02-03
- Noveon, Kangwon Energy and LG launch closed-loop magnet recycling initiative — 2025-01-06
- Noveon closes $75 million Series B for U.S. magnet manufacturing — 2023-05-16