Powdermet wins the Weatherhead 100 Award

Powdermet, Inc., representing the entire PMT Group of companies, has again been named to the prestigious Weatherhead 100 list of the fastest growing companies in Northeast Ohio.

Established in 1988, the Weatherhead 100 Awards are the premier celebration of Northeast Ohio’s spirit of entrepreneurship and the companies that are leading the way in Northeast Ohio. Each year this program recognizes an elite group of companies that are the best example leadership, growth and success in Northeast Ohio. Companies that make the list earn this distinction based on their growth over the last five years.

Though Powdermet has been named to the Weatherhead 100 multiple times, this year they were recognized as the second-fasted growing organization on the list. Powdermet Founder and CEO Andrew Sherman noted “We’re very proud of this distinction, and thankful to all our employees who made it possible. While our subsidiary Terves had an exceptional year, we had great performances from all PMT Group companies. This was an outstanding year and we’re poised for dramatic future growth with significant investment in both facilities and equipment being implemented in 2023.”

PMT group is excited to be part of reshoring and redeveloping critical materials manufacturing in the US. Apart from being the only integrated US wrought magnesium and part producer, PMT group companies are investing aggressively into increased production, rare earth metals, magnets, specialty alloys, and energy storage materials. PMT Group and its subsidiaries Terves, Magnesium USA, Powdermet, Hybrid Materials, Cratus, Magnet Energy and CermeTech are playing an important role in developing and commercializing critical solutions that will enable America to continue to lead and set the path for other nations to follow.