Friday, April 26, 2024
10:43 AM EST – IBC Advanced Alloys Corp. : Announces that it will focus on its profitable Copper Alloys division in Franklin, Ind., and cease production this summer at its Massachusetts beryllium-aluminum alloy plant because of insufficient long-term demand for cast beryllium-aluminum alloy products. IBC anticipates that the move will expand free cash flow, strengthen gross margins, and position the Company on a better path to sustained profitability. IBC’s Copper Alloys division has operated profitably since the quarter ended September 30, 2020, for a total of 14 quarters. IBC Advanced Alloys Corp. (V.IB) shares were unchanged at 0.08.
Stocks in Play: IBC Advanced Alloys Corp., Fri, 26 Apr 2024 10:57:05 EST