Sheffield facility opened by South Yorkshire Mayor delivers ahead of schedule
High-technology manufacturer, Magnomatics Limited has reached a major milestone with the shipment of the first magnetically geared marine thrusters produced at its new Parkway facility. The achievement marks the launch of commercial production at the site and represents an important step in the company's growth strategy to bring its pioneering magnetic gear technologies to customers at scale.
The facility was officially opened by South Yorkshire Mayor Oliver Coppard during a launch event attended by employees, industry partners and key stakeholders. During his visit, the mayor spoke to business leaders, briefly met with Magnomatics' senior management team to discuss the company's growth ambitions and contribution to the region's advanced manufacturing sector, but not before marking the opening with a ribbon-cutting ceremony.
Mayor Coppard said: “Magnomatics shows exactly what South Yorkshire can do: a company built on our talent, rooted in our communities, and now scaling up to serve customers around the world. Born out of the University of Sheffield and celebrating 20 years of innovation, they’re yet more proof that businesses can grow here, stay here and succeed here.”
Since the opening, the facility has quickly advanced, becoming operational ahead of schedule and rapidly transitioning to scalable production, resulting in the shipment of the first magnetically geared marine thrusters manufactured on site.
The first shipment highlights the success of Magnomatics' investment in strengthening its ability to meet growing market demands, driven by clean energy and electrification.
Mr. Coppard continued, “By backing research, innovation and the industries of the future, we’re creating good jobs, opening up opportunities for people across South Yorkshire, and helping more businesses with big ideas scale up and go further.”
As the company increases production capacity it continues to invest in its core research and development activities, progressing in cutting-edge projects and delivering bespoke engineering solutions in areas such as aerospace e-propulsion, grid stability, marine propulsion and clean energy.
About Magnomatics
Magnomatics is a Sheffield-based engineering and manufacturing company specialising in advanced electric machines. Established in 2006 as a commercial spin-out from The University of Sheffield, the company develops innovative magnetic transmission and motor technologies for demanding applications across multiple sectors, including marine propulsion, hybrid vehicles, aerospace propulsion and actuation, defence, and renewables.
