SOURCE: Power Magnetics, Inc.

Power Magnetics, Inc.

November 17, 2010 13:08 ET

Media Alert: Power Magnetics, Inc. in Trenton Plans to Double in Size Within the Next Two Years/Commemorates 40+ Years

News to Be Announced November 18th at 12:30 PM Program at Power Magnetics in Trenton

TRENTON, NJ--(Marketwire - November 17, 2010) -

  • Doubling employment and plant capacity during the next two years
  • Expanding its transformer and reactor customer base from established industries to alternative energy companies
  • Inner-city location -- providing local jobs
  • Most employees 'have done time' and having this second chance in many cases has completely turned their life around
  • Exports its products worldwide
  • Family business of over 40 years
  • Commemorating its success with employees, customers, and government officials with an Open House November 18th.

Power Magnetics is living up to the iconic Delaware River Bridge sign 'Trenton Makes, The World Takes.' The business has expanded over the years from manufacturing basic transformers to a comprehensive custom transformer and magnetic reactor company providing subcomponents to the major titans of industry worldwide. Original equipment manufacturer customers include:

  • Offshore oil rigs
  • Ships
  • Wind power
  • Hydropower
  • Solar power
  • And many others

Over the next two years the company plans to double its plant capacity and employment. Operating in an UEZ -- Urban Economic Zone at 377 Reservoir Street, allows Power Magnetics' 30 employees to walk or bike to work. The family-owned manufacturing company based in Trenton, NJ since 1968, develops made-to-order transformers and reactors for established industries as well as new alternative energy companies.

Power Magnetics will host an open house for customers, vendors and government officials on November 18th from 10 am to 4 pm to celebrate its success as a small business and its support of the Trenton community. Program is at 12:30 pm.

Contact Information

  • Donna B. Weaver
    WeaverWorks LLC
    215.428.0972 O
    215.428.0973 F
    267.395.1506 Efax
    917.301.3509 C
    Email Contact