IBC Chairman Mark Smith Discusses Future Growth Strategies in Live Webcast

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:

  • IBC Update Webcast with Chairman Mark SmithRecent 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.

You can see a video replay of the webcast here