ABB signs long-term agreement for Noveon magnets in North American motor production
ABB selected Noveon for a long-term, multi-million-dollar agreement covering high-temperature NdFeB magnets for North American industrial motor applications.
Evidence notes
- Deliveries were scheduled to ramp from August 2025.
- Noveon will engineer EcoFlux magnets to meet ABB's high-temperature performance requirements.
- The agreement links Noveon's U.S. magnet capacity to ABB motor manufacturing for industrial and automation markets.
Company context
Noveon Magnetics manufactures sintered NdFeB rare-earth permanent magnets and magnetic assemblies in San Marcos, Texas, using virgin or recycled feedstock.