Terves

The U.S. Defense Logistics Agency has awarded a contract to Terves LLC, a subsidiary of REalloys, to scale domestic production of Samarium and Gadolinium metals. The contract supports a 300-ton-per-year modular production facility.

Terves, a subsidiary of PMT Group, is expanding its Euclid, Ohio operation by adding 30,000 sq ft and installing a vertical direct chill casting system for magnesium alloy billet. The expansion broke ground on August 18, 2022 and is expected to be completed in 2022.