Terves breaks ground on expansion
Terves broke ground on a 12,000 sq. ft. expansion to its magnesium foundry.
The H3-classified magnesium metal processing facility expansion enables Terves to further expand its metal processing, heat treatment, machining, and storage capabilities. The expansion plans include additional permanent mold and materials handling and storage space, and the addition of sand casting, squeeze casting, and diecasting capabilities for custom magnesium and magnesium alloys and composites, in addition to further expansion of build-to-print component CNC machining services.
“These additions enable the company to support aerospace and defense magnesium applications in addition to Terves’ leading position in the dissolvable oilfield tool market,” the company said in a news release.
“Dissolvable metals are the new composites as far as oilfield tools are concerned. Oilfield tools made from composite materials were adopted in the industry about two decades ago and today occupy a sizable market share,” said Andrew Sherman, CEO, Terves. “We are seeing a major adoption and growth trajectory for oilfield tools made from dissolvable magnesium materials.”
Terves is a manufacturer of magnesium dissolvable metals and dissolvable elastomers that are used for making frac balls, plugs, slips, seals and several other components used in oil and gas well completion and production.
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,” Sherman said.