Press Release

Powdermet Celebrates Their 20th Anniversary, Opens New Euclid, Ohio Foundry Operation at August Event

Euclid, Ohio - August 26, 2016

Powdermet Incorporated, along with their Terves subsidiary celebrated the company’s 20th year in business in Northeast Ohio at an August 12th luncheon event that included local and state political leaders and industry experts. As part of this event a ribbon cutting was also held to recognize the grand opening of Terves’ new magnesium foundry.

Powdermet 20 Years

Andrew Sherman, the founder and Chief Technology Officer of Powdermet stated: “We’re proud of our rich history of accomplishment, and our established position as this region’s leader in the creation of market-changing nanoengineered materials technologies. We continue be recognized for our efforts, most recently with being again named to the INC. 5000 list of fastest growing companies.” Powdermet was recognized by INC. as the 13th fastest growing private manufacturing company in Ohio, and the 20th fastest of all privately-held companies in Ohio.

For over twenty years Powdermet has developed materials science-based innovations for a variety of government and private sector users, along with successfully commercializing a range of innovative technologies for the oil and gas industry through their Terves business.

Included in the many accolades that Powdermet received were proclamations from Cuyahoga County, the Ohio State House of Representatives, the Ohio State Senate, and the City of Euclid.

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State Representative Kent Smith and Euclid Mayor Kirsten
Holzheimer Gail present Andy Sherman with a proclamation
from the State of Ohio
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Euclid Mayor Kirsten Holzheimer Gail,Andy Sherman,
Terves COO Brian Doud, and Dr. Alan Lou of Ohio State
University cut the ribbon to the new Terves Foundry

 

“We remain committed to creating and commercializing nanoengineered technologies – making materials do more.  We celebrate our success today, but we are far more excited about the many opportunities the future holds for our business”.

Contact:
Robert Juran
Terves, Inc.
24112 Rockwell Ave., Euclid, OH, USA 44117
Phone: 216.956.5063
Email: rjuran@tervesinc.com