About Us
e-VAC is part of the VAC Group (VAC), a leading developer of magnetic materials and solutions. e-VAC produces rare earth neodymium-iron-boron (NdFeB) magnets, which are critical to automotive, defense, industrial and renewable energy applications. This facility and VAC’s decades of experience in rare earth magnet technology and process intellectual property represent a critical step to ensuring a resilient, U.S.-based supply chain.
The company will construct, own and operate a new facility on 85 acres in the Pocotaligo Industrial Park located in Sumter County. The facility will house production of permanent magnets for electric vehicles and defense applications. e-VAC entered into an agreement with the U.S. Department of Defense, which will provide $94.1 million to acquire and install manufacturing equipment, operationalize technical infrastructure, and engineer production lines for the facility.
Operations are expected to be online in late autumn 2025.
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