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IBC Advanced Alloys Adds Ring Rolling Mill And Expands Product Line
The capital improvement project, begun early this year, will allow IBC to enhance its forging capability and more effectively service market requirements for copper, beryllium copper, and aluminum bronze alloy rings. Markets for high reliability copper alloy precision forged rings include the oil and gas industry, electric motors, heat exchangers and desalination plants, as well as, the aerospace and naval marine sectors. This expanded production capability will allow IBC to improve its competitive market position and grow the business while providing increased value to its customers. The manufacturing addition will cement the Company's position as a one stop ISO 9001 certified forging plant for nonferrous alloy rolled ring products.
"We are very pleased to have completed this project", said David Brown, IBC's Vice President of Marketing. "Our market research, including customer interviews and market segment analysis indicated a large and growing market for rolled alloy products where we could offer our services and build significant market share. We look forward," continued David, "to working closely with our existing and new customers as we strengthen the IBC brand in the market for rolled ring products."
"The installation of our ring rolling facility is an important step for IBC as we expand both our product line and customer base," said Rajeev Jain, IBC's Vice President of Sales. "Once we identified the opportunity and determined the market size we began the sales process which resulted in booked orders even before the installation was complete. We are very excited about the new product capacity this ring roller provides and are extremely encouraged by the market response."
About IBC Advanced Alloys Corp.
IBC Advanced Alloys Corp. is an integrated manufacturer and distributor of beryllium based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 61 employees and is headquartered in Vancouver, Canada with production facilities in Pennsylvania and Indiana. Additionally, IBC has exploration rights to prospective beryllium properties in Brazil and the Western US covering approximately 9,500 hectares. IBC is creating a dynamic global beryllium and advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB".
For further information please contact:
Director of Corporate Communications
(604) 685-6263 x.110
Legal Notice Regarding Forward Looking Statements
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing operations and mineral exploration, therefore the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements will transpire. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.