Read more on the announcement that E-Vac's South Carolina rare earth magnet factory will get $112 million in tax credit as part of the Inflation Reduction Act.
Manufacturer secures $112M tax credit for its $500M-plus Sumter facility charlestonbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from charlestonbusiness.com Daily Mail and Mail on Sunday newspapers.
SUMTER A German company planning to open its first U.S. facility in Sumter for producing magnets used in electric vehicles has received an additional $111 million from the federal government. …
LS Eco Advanced Materials has partnered with German magnet materials producer Vacuumschmelze to establish a joint venture, the electric vehicle (EV) parts supplier said Thursday. The Korean firm is a subsidiary of LS Cable & System.
READ ALONG: SC Gov. McMaster delivers 2024 State of the State southcarolinapublicradio.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southcarolinapublicradio.org Daily Mail and Mail on Sunday newspapers.