Potential Growth in U.S. Navy Contracts
IBC is in discussions to expand its supply of copper alloy products to the U.S. Navy, particularly for submarines, due to the Navy's aggressive shipbuilding plans through 2030. The company is already an approved supplier for major shipbuilders.
Section 232 Investigation on Copper Imports
A Section 232 investigation initiated by President Trump could lead to tariffs on copper imports, potentially benefiting IBC as a domestic producer. IBC is actively engaging with the administration to seek enhanced support for its operations.
Expansion and Modernization of Manufacturing Facility
Since the completion of a $5.7 million expansion of its copper alloys manufacturing facility in 2022, IBC's sales grew from $13.7 million to over $25 million annually, positioning the company for future growth as market demand recovers.