IBC Advanced Alloys Launches Copper Alloy Casting Operations in its New Vertically Integrated and Expanded Indiana Facility
The First Successful Pour of a Two-Ton Beryllium-Copper Billet Initiated Production of a Range of Copper Alloy Products in Indiana
IBC’s Consolidation of Two Previous Facilities Into its Flagship Plant in Franklin, Indiana is Expected to Generate Significant Efficiencies and Production Costs Savings
FRANKLIN, IN (April 4, 2022) – IBC Advanced Alloys Corp. (TSX-V: IB; OTCQB: IAALF) (“IBC” or the “Company”) a leading beryllium and copper advanced alloys company, has launched copper alloy casting at its new and expanded copper alloy foundry facility in Franklin, Indiana. The launch of production at the new facility marks the effective completion of a two-year consolidation of three production facilities into a single vertically integrated manufacturing operation dedicated to producing copper and copper alloy products. The consolidation is expected to generate significant efficiencies and production cost savings for the Copper Alloys Division, as well as enable the division to expand production and its exposure to new markets.
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”
AI
