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Share Name | Share Symbol | Market | Type |
---|---|---|---|
IBC Advanced Alloys Corp | TSXV:IB | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.075 | 0.07 | 0.08 | 0 | 14:33:46 |
The IBC team successfully produced several two-ton billets of beryllium-copper alloy material last week at the expanded Franklin plant, including the first billet of beryllium-copper alloy pictured at right. IBC then processes these billets by cutting, forging, heat treating, and machining into a wide variety of custom alloy products for customers in industries such as electronics, oil and gas, automotive, defense, aerospace, injection molding and others.
IBC invested approximately $6 million to expand and modernize its Franklin facility and consolidate its former Missouri and Pennsylvania foundries to the new plant.
“We are thrilled to experience the successful start-up of this expansion,” said Mark Wolma, President of the Copper Alloys division. “It is the culmination of a great deal of planning and hard work by the project manager, Alan Abel, and a tremendous supporting cast.”
“This is a major milestone for IBC and I am very proud of Mark Wolma and the entire Copper Alloys team for working so hard to successfully complete this strategic consolidation and expansion of our Franklin plant,” said Mark A. Smith, CEO and Chairman of IBC. “This consolidation marks the start of a new era for Copper Alloys, and the Board and I look forward to seeing the facility continue to ramp up to full-scale production as soon as possible.”
Behalf of the Board of Directors:“Mark A. Smith”Board Chairman
Contacts:Mark Smith, Board ChairmanJim Sims, Investor and Public RelationsIBC Advanced Alloys Corp.+1 (303) 503-6203Email: jim.sims@ibcadvancedalloys.com Website: www.ibcadvancedalloys.com
@IBCAdvanced $IB $IAALF #MarkSmith #missioncritical #copper #beryllium #IBC
About IBC Advanced Alloys Corp.
IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC's Copper Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC's Engineered Materials Division makes the Beralcast® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC's has production facilities in Indiana and Massachusetts. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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