Evolution Metals & Technologies confirms delivery of all 57 Ulvac equipment containers to Pohang expansion site
EMAT•Evolution Metals & Technologies said all 57 Ulvac equipment containers have arrived at its Pohang expansion site, where commissioning is under way. The company also signed an investment framework with Pohang City and expects $28 million in grant funding.
1. Equipment delivery and funding
Evolution Metals & Technologies confirmed delivery of all 57 Ulvac equipment containers to its Pohang expansion site, with commissioning under way at what it described as the largest expected high-performance rare earth magnet facility outside China. The company said it signed an investment framework with Pohang City and expects $28 million in grant funding.
