IBC Advanced Alloys (TSE:IB) has released an update.
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IBC Advanced Alloys Corp. is shifting its operations to focus on its profitable Copper Alloys division, shutting down its beryllium-aluminum alloy plant in Massachusetts due to low market demand. This strategic move is expected to increase free cash flow and gross margins while steering the company towards sustained profitability. The Copper Alloys division has been profitable for 14 quarters, benefiting from a consolidated and modernized facility in Indiana.
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