IBC to expand alloy output with $2M offering

Jan 29, 2013 | 04:23 PM | Suzy Waite

Tags  IBC Advanced Alloys, beryllium aluminum, copper, Simon Anderson, military, drones, Suzy Waite

NEW YORK — IBC Advanced Alloys Corp. will expand its beryllium aluminum alloy production by year-end and plans to finance the investment through a company stock offering, chief financial officer Simon Anderson told AMM.

Beryllium aluminum—one of the Vancouver, British Columbia-based producer’s specialty alloys—is often used in military applications. The military has been focusing on retrofitting older airplanes and remotely piloted aircraft, or drones, prompting IBC to plan an investment in its beryllium aluminum production.....

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