Topping Out ceremony held for the Narva magnet factory on February 29

On Thursday, February 29, the topping out ceremony of the NPM magnet factory was held in Narva. The completed building will be nearly 24,000 m2 in size, where the magnets needed for electric cars and wind turbines will be produced. The construction is partially financed by the the European Just Transition Fund, and the factory will be unique and the largest in its segment in Europe!

The completion of the factory is planned for the end of this year, with the aim of starting work at full capacity for the European market.
We wish success, inspiring work moments and exciting challenges to all teams involved in the project!