IBC’s Chairman of the Board Mark Smith recently discussed the Company’s capital improvements program and future growth strategies on a live conference call and webcast. The following key points were made in the presentation:
- Recent capital improvements are increasing IBC’s production capacity and our product offering, opening up opportunities to expand business with current customers and to potentially address new markets.
- Sales and marketing of IBC’s beryllium-aluminum Beralcast™ products to both the defense and civilian markets is being intensified. The recent purchase order from Kaman Corporation is one of several new sales opportunities currently in the pipeline.
- Copper Alloys is already receiving order inquiries for products that new capital equipment will allow us to produce for the first time.
- While fiscal Q2 results were disappointing due to a dip in demand in the quarter, orders for copper alloy and commercial Beralcast™ products have strengthened recently and sales are expected to improve in the second half of FY 2019.