Permag Signs Lease for 3,000 m² Manufacturing Facility in Korntal-Münchingen, Germany

Permag has leased a 3,000 m² manufacturing facility in Korntal-Münchingen, Germany, to enhance its European operations. The facility will serve the European market with improved lead times and localized support. Expected to be operational in the second half of 2026, it will focus on prototyping, precision manufacturing, and engineering collaboration, equipped with advanced manufacturing technology for high-performance magnets.

Published Mar 20, 2026

Permag has signed a lease for a 3,000 m² manufacturing facility in Korntal-Münchingen, Germany, to enhance its European market presence. The site aims to improve lead times, provide localized support, and expand production capacity.

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Expected to be operational in the latter half of 2026, the facility will focus on prototyping and precision manufacturing for various industries including aerospace and defense. The investment marks a significant step in Permag's global growth strategy, offering operational autonomy from its US base and fostering closer collaboration with European customers.