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IBC strikes a potential $12M exclusive supply deal

IBC Advanced Alloys has signed an exclusive supply contract potentially worth $12 million over three years to provide investment-cast engineered components to a global manufacturer of high-technology assembly equipment.


June 2, 2011
by PLANT STAFF

VANCOUVER: IBC Advanced Alloys Corp. has signed an exclusive supply contract potentially worth $12 million over three years to provide investment-cast engineered components to a global manufacturer of high-technology assembly equipment.

IBC, a Vancouver-based manufacturer of beryllium-based alloys and related products, said the one to three-year deal with the unidentified customer has the potential to generate a minimum of $4 million a year for its Engineered Materials division (formerly Beralcast Corp.)

Beralcast alloys are used to manufacture specific components of semiconductor assembly equipment and other high tech industrial applications. The company claims its primary alloy is more than three times stiffer than aluminum with 22% less weight.

IBC has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri and owns prospective beryllium properties in the Western US covering approximately 9,500 hectares.