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Magmotor Plans Major Expansion to Triple Income and Workforce in 150th Year
Magmotor Technologies Inc., founded in 1876, is set to undergo a significant expansion aimed at tripling its income and workforce. The company, which specializes in custom AC and DC fan motors, has a long history of adapting to market changes and maintaining customer loyalty, particularly in industries like aerospace and defense. The importance of this expansion lies in Magmotor's commitment to high-quality designs and customer service, which have allowed it to thrive for over a century. With many of its products lasting 15 to 20 years, the company has built a reputation for reliability, especially in sectors that still require brush motors, such as NASA and the space industry. Looking ahead, Magmotor plans to hire a new generation of employees to learn from its experienced workforce as it continues to rebound from the COVID-19 pandemic. The company aims to bring some manufacturing back to the U.S. while maintaining partnerships in China, indicating a strategic approach to balancing costs and quality in its production processes. No further timeline was disclosed at the time of publication.
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