Quadrant will invest more than $95 million to build a 171,000-square-foot rare-earth magnet manufacturing operation in Louisville, KY. It will be the company’s first mass production facility in the U.S., and will create 200 full-time jobs for Kentuckians.
Rare-earth magnets are a type of permanent magnet made from alloys of rare-earth elements produced by Quadrant for use in electric vehicle motors and other automotive applications, consumer electronics, and within the medical, alternative energy and appliance industries, among others.
