Strategic investment to accelerate growth initiatives and ensure supply chain continuity
Rochester, NY: Arnold Magnetic Technologies Corporation (“Arnold”), a subsidiary of Compass Diversified (NYSE: CODI) and a leading global manufacturer of high-performance magnets, magnetic assemblies, precision thin metals, and electric motors, today announced plans to expand manufacturing capabilities for its operations located at Amata City Chonburi in Thailand. The multi-million-dollar investment will enhance Arnold’s global manufacturing footprint by mitigating risk to the permanent magnet supply chain and will significantly increase manufacturing capacity to better serve customers across Asia Pacific and Europe.
Arnold’s Thailand factory, which began operations in October 2024, holds both ISO 9001 and AS 9100 certifications within one of the country’s premier industrial zones. Initial production capability was focused on electromagnetic rotor and stator assemblies. This second round of investment will add samarium cobalt (SmCo) magnet production, shaping, and finishing capabilities, and ultimately will double the Company’s overall magnet production capacity. Phase I investments, completed last month, established all required magnet finishing capabilities at the site. Phase II investments have commenced and will establish SmCo magnet production, with full operational readiness to be realized by mid-2027.
“Our Thailand operations are poised to play a vital role in Arnold’s future and are central to our global growth strategy” said Matt Blake, Chief Executive Officer for Arnold Magnetic Technologies. “This investment provides capacity to support growing customer demand, improves supply chain resilience, and provides a cost competitive offering to customers globally.” The new capabilities will also ease capacity constraints and improve lead times at Arnold’s Lupfig, Switzerland, SmCo magnet production facility.
About Arnold Magnetic Technologies
Based in Rochester, NY, with an operating history of over 130 years, Arnold is a leading global manufacturer of engineered solutions for a wide range of specialty applications and end-markets, including aerospace and defense, general industrial, motorsport, oil and gas, medical, and energy. From its Technology Center and manufacturing facilities located in the United States, the United Kingdom, Switzerland, Thailand, and China, the company produces engineered magnetic assemblies in addition to high-performance permanent magnets, precision foil products, and highly loaded composites that are mission critical in motors, generators, sensors, and other systems and components. Based on its long-term relationships, the company has built a diverse and blue-chip customer base totaling more than 2,000 clients worldwide.