Vulcan Elements selects Benson, North Carolina for 10,000 metric ton magnet facility

Vulcan Elements/Benson NdFeB Magnet Manufacturing Plant

Vulcan Elements announced it will build a 1 million square foot magnet manufacturing facility in Benson, North Carolina with capacity for 10,000 metric tons per year. The plant will be the largest magnet production facility outside China, creating over 1,000 direct jobs with nearly $920 million capital investment.