Supplier · United States
Noveon Magnetics
HQ San Marcos, United StatesFounded 2014
US maker of sintered NdFeB magnets in San Marcos, Texas, including magnets made from recycled magnet feedstock.
Technologies1
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Permanent-magnet manufacturing | Supplier | Fielded | — | — | Reported |
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
Government awards & programs2 awards · $41.7M obligated · up to $12.9M ceiling
Awards received2
| Announced | Award | Agency | Type | Program | Obligated | Ceiling | Confidence |
|---|---|---|---|---|---|---|---|
| — | NdFeB magnet block acquisitionSP800026F0026 | Defense Logistics Agency | Task order | — | $12.9M | $12.9M | Confirmed |
| — | DPA Title III production of NdFeB rare-earth magnetsFA86502025536 | U.S. Air Force | Cooperative agreement | — | $28.8M | — | Confirmed |
- $12.9MObligated · up to $12.9M ceiling
- DPA Title III production of NdFeB rare-earth magnetsUndated · Cooperative agreementFrom U.S. Air ForceConfirmed$28.8MObligated
Obligated is what has been committed so far; ceiling is the most the award can reach. Joint values cover all recipients and are excluded from this company’s money totals.
Supply chain1 input · 1 supplier · 1 customer · 1 facility
Produces, processes or develops1
| Input | Relation | Criticality | Capacity | Global share | Facility | Confidence |
|---|---|---|---|---|---|---|
| NdFeB permanent magnets | Produces | Critical | — | — | Noveon San Marcos magnet plant | Confirmed |
Suppliers1
| Supplier | Supplies | Notes | Confidence |
|---|---|---|---|
| Lynas Rare Earths | Rare-earth elements | MoU covering light and heavy rare-earth materials. | Reported |
Customers1
| Customer | Supplies | Notes | Confidence |
|---|---|---|---|
| Nidec Motor Corporation | NdFeB permanent magnets | 5-year binding offtake, potentially over 1,000 tons. | Confirmed |
Facilities1
| Facility | Kind | Location | Status | Confidence |
|---|---|---|---|---|
| Noveon San Marcos magnet plant | Factory | San Marcos, Texas, United States | Operating | Reported |
- Noveon San Marcos magnet plantFactory · San Marcos, Texas, United StatesOperatingReported
Sources6
Profile2
- 1
- 2
Technologies1
- 3
Nidec Motor Corporation · Feb 3, 2025 · Supports Facility, Organization, Organization input, Organization technology, Supply relationship
“ST. LOUIS and SAN MARCOS, TEXAS, February 3, 2025”
Government2
- 4Government recordAward FA86502025536
USAspending.gov · Supports Government award
“Award Amount: 28,804,809.00; Awarding Sub Agency: Department of the Air Force; Description: COVID-19 DPA3 PRODUCTION OF NDFEB RARE-EARTH MAGNETS”
- 5Government recordAward SP800026F0026
USAspending.gov · Supports Government award, Government award · obligated amount
“Award Amount: 12,894,620.00; Awarding Sub Agency: Defense Logistics Agency; Description: NDFEB MAGNET BLOCK ACQUISITION”
Supply chain1
- 6
Reuters · Oct 8, 2025 · Supports Supply relationship
“The deal includes provision of both light and heavy rare earth materials and the production and supply of finished magnets to end-users across defense, automotive and industrial sectors.”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.