FYI
U.S. Rep. Trey Hollingsworth Tours IBC's Copper Alloys Plant Expansion Project in Indiana
FRANKLIN, IN (July 19, 2021) – IBC Advanced Alloys (TSX-V: IB; OTCQB: IAALF) (“IBC” or the “Company”), a leading beryllium and copper advanced alloys company, was pleased to host U.S. Congressman Trey Hollingsworth (R-9th-Ind.) on a recent tour of IBC's expansion and consolidation project now underway at its copper alloys plant in Franklin, Ind.
Rep. Hollingsworth, who represents Franklin in the U.S. Congress, has been very supportive of IBC and the Franklin plant, where workers manufacture a variety of copper-based alloy components for use in commercial and defense industries.
Front-page news media coverage of the Congressman's visit in the Franklin Daily Journal can be seen here.
Mark Wolma, President of IBC's Copper Alloys Division (right) shows Congressman Hollingsworth around the ongoing construction of IBC's new expansion at its Franklin, Ind. facility.
“This is such great news to see, you know, the excitement here, the energy here, and obviously the continued investment here,” Rep. Hollingsworth said.
IBC is working to complete work on a $5.5 million, 32,000-square-foot expansion of the Franklin plant. The project will allow the Company to consolidated current copper foundry operations at a plant in Pennsylvania into the Franklin plant. This expansion/consolidation project is expected to expand IBC's manufacturing capabilities as well as generate significant fixed cost savings.
"The modernization and consolidation project is proceeding well, and we are very grateful for Congressman Hollingsworth's continuing interest in and support of IBC's operations," said Mark A. Smith, CEO and Chairman of IBC. "This project will help power a new era of growth and opportunity for IBC's copper alloys division, and I am excited about the prospects for greater efficiencies, cost savings, and enhanced sales that this project should enable."
For more information on IBC and its innovative alloy products, go here.