Terves Euclid Facility
Large load · 24112 Rockwell Drive, Euclid, OH
Terves Inc. produces lightweight aluminum and magnesium alloys from its Euclid, Ohio facility at 24112 Rockwell Drive. A 2020 expansion required the installation of 3 MW of power on an adjacent lot to run a magnesium extrusion press. The company is a subsidiary of PMT Group and part of the Powdermet group.
Overview
- Connected load
- 3 MW
- operating · Mar 2, 2020
From its Euclid, Ohio facility, Terves produces a broad range of lightweight aluminum and magnesium alloys, and is the market leader in dissolvable alloys for downhole oil and gas applications. The foundry is able to produce 500 tpy of finished product, and the press installed at Terves is capable of extruding over 20 million lbs of magnesium extrusions per year. Terves sits on 15 acres with five buildings of over 75,000 sq ft.
Profile
- Electricity and grid
- The expansion required special engineering of the foundation to support the press and the installation of 3 MW of power on an adjacent lot in order to run it. The press requires 1,500 amps to operate. The foundry operates six furnaces, including a 500 lb electric Striko Dynarad furnace and two 1,500 lb gas-fired furnaces.
- Ownership
- As part of the Powdermet group, Terves benefits from its materials science foundation, and the City of Euclid in 2022 described Terves as PMT Group’s subsidiary company. A 2020 article named Powdermet Inc. as owner when Terves was founded in 2013. On March 31, 2025, PMT Critical Metals, a wholly-owned subsidiary of REalloys, acquired 100% of the rare-earth assets of Terves LLC and Powdermet Inc.
Facility
- Activity
- Lightweight aluminum and magnesium alloys including dissolvable alloys
- Industry
- Manufacturing
- Site type
- Facility
- Operating status
- Operating
Related records
Timeline
- Aug 18, 2022
- PMT Group ceremonially broke ground on a 5,000 sq ft expansion on Rockwell Drive.
PMT Group Breaks Ground on Euclid Facilities Expansion
- Mar 2, 2026
- REalloys announced a Defense Logistics Agency contract awarded to Terves LLC.
U.S. Defense Logistics Agency Awards Historic Contract to REalloys’ Terves LLC to Scale Domestic Rare Earth Metal Production