Evolution Metals & Technologies Corp. Takes Delivery of Additional ULVAC Magnet Production Equipment, Unlocking Ten-Fold Magnet Capacity Expansion
Evolution Metals & Technologies took delivery of 13 of 57 containers of ULVAC magnet production equipment at its Pohang facility, the core of a ten-fold capacity expansion from 1,000 to approximately 10,000 metric tons of annual non-China rare earth magnet capacity. The company reaffirmed fiscal 2027 revenue guidance of $400 million to $460 million, and positions the expansion ahead of the January 1, 2027 DFARS deadline barring Chinese-origin rare earth magnets from U.S. defense systems.
Key figures
- Guidance
- Fiscal 2027 revenue guidance of $400 million to $460 million reaffirmed
- Containers total
- 57
- Containers delivered
- 13
- Dfars effective date
- 2027-01-01
- Qualified magnet grades
- 7
- Annual capacity target tons
- 10000
- Annual capacity current tons
- 1000
- Sintered magnet capacity tons
- 6000
AI analysis
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