PMT Group adds 30,000 sq ft for Magnetic Material and Lightweight Metal Production
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Monday, August 15, 2022
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PMT Group and subsidiaries are adding 30,000 sq ft of additional space to expand of its specialty metals production and fabrication facilities.
Key Points:
- PMT Group and subsidiaries are adding 30,000 sq ft of additional space to expand of its specialty metals production and fabrication facilities.
- This 30,00 sq ft includes an expansion of Terves dissolvable magnesium extrusion facility, and 24,000 sq ft of new construction to house the expanded magnetic materials and lightweight sheet and foil production .
- The 24,000 sq ft expansion will significantly accelerate the commercialization of Made-in-USA rare-earth free magnets.
- PMT Group is a nationally recognized nanotechnology, advanced materials and electrification technology incubator that has led the creation of 8 spinout companies, including two exits.