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Specialty Materials Producer Expanding Mag Foundry

July 31, 2018
Terves is doubling capacity for cast and wrought magnesium alloys, adding sand casting, squeeze casting, and diecasting

Terves Inc., a developer and producer of specialty materials and advanced magnesium alloys, broke ground for a 12,000-sq.ft. expansion at its magnesium foundry in Euclid, OH. The company did not detail the value of the capital program, but explained it would allow expanded metal processing, heat treatment, and machining capabilities, as well as product storage space.

“Terves is investing in a further doubling of production capacity for cast and wrought magnesium products, and the expansion frees-up space in existing facilities for initial production of new, ‘engineered response’ products, including revolutionary expandable structural materials and gas-generating reactive materials,” stated Andrew Sherman, CEO.

The plans call for adding more permanent molding capacity and new sand casting, squeeze casting, and diecasting capabilities for custom magnesium and magnesium-alloy materials, and composites. Terves also will expand its build-to-print component CNC machining services for aerospace and defense magnesium applications, as well as the current dissolvable oilfield tool product line.

Terves magnesium dissolvable metals and dissolvable elastomers used to make frac balls, plugs, slips, seals and other components used in oil-and-gas well completion and production. Its oil-and-gas product portfolio also includes specialty proppants, expandable structural materials, acoustic imaging tools, thermites and structural reactive materials, net-shaped ceramic-metallic (cermet) nanocomposites and nanocomposite coatings, and high-energy density supercapacitors.

“Dissolvable metals are the new composites. as far as oilfield tools are concerned,” Sherman observed. “Oilfield tools made from composite materials were adopted in the industry about two decades ago and today occupy a sizable market share. We are seeing a major adoption and growth trajectory for oilfield tools made from dissolvable magnesium materials.”