NPM Narva OÜ

On September 19th, 2025, Neo Performance Materials held a grand opening celebration for its new rare earth magnet manufacturing facilities in Narva, Estonia.

This new, state-of-the-art rare earth magnet facility marks a significant milestone for Neo, solidifying its commitment to becoming a leading producer of critical materials for the global electric vehicle and wind energy sectors.

Neo’s magnet plant NPM Narva OÜ in Estonia is playing a catalytic role in strengthening European supply chains for rare earth magnets, essential components for technologies in the net-zero and digital transitions.