The manufacture of magnets is promising because it benefits from opportunities in the manufacture of electric cars, robots, wind turbines, and even in the defense industry.
:quality(50)/2024/03/04/fanny-guinochet-65e60267ebb86457775765.png)
Published
Reading time: 1min
:quality(50)/2025/11/14/gettyimages-1500266175-6916e8629f91f986606044.jpg)
A French magnet manufacturing company, MagREEsource, will invest 50 million euros in its site based in Noyarey, in the suburbs of Grenoble, in Isère, franceinfo learned from the company on Friday November 14.
Founded in 2020, this Grenoble start-up specializes in magnet recycling and was awarded the Scale-up Prize (start-up having managed to grow) of the year 2025 for the Auvergne-Rhône-Alpes region, as part of the Entrepreneur Prize.
According to information from franceinfo, these 50 million euros invested on its Grenoble site will make it possible to finance an extension of this permanent magnet factory. A highly strategic sector for French industrial sovereignty, with opportunities in the manufacturing of electric cars, robots, wind turbines, and even in the defense industry.
MagREEsource is a company of around fifty people, resulting from “nearly 25 years of research within the CNRS in the field of magnets”can we read on his official presentation.
