Massachusetts Company Signs Four-Year Exclusive Supply Agreement with Global Designer
March 29, 2016
IBC Advanced Alloys Corp., Wilmington, Massachusetts, has announced it’s been chosen as the exclusive supplier of Beralcast cast components for an unnamed global manufacturer of semiconductor and electronics assembly equipment. The agreement is for four years and is worth $4.8 million.
“High-performance automation and manufacturing are great applications for Beralcast materials and it is a privilege to serve this leading global company,” said Chris Huskamp, president, IBC Engineered Materials. “Robotics, precision manufacturing, and automated assembly equipment use sophisticated designs and complex components to meet demanding design criteria and critical tolerances. IBC’s Beralcast components are ultra-lightweight with high modulus and excellent thermal characteristics and are ideally suited to applications requiring high precision and performance.
“We are excited to be involved in precision manufacturing and see many new applications for Beralcast components in this growing market.”
Beralcast alloys, which are lightweight, are geared toward aerospace applications. They are lighter and three times stiffer than aluminum.
“While IBC will continue to focus on near term growth opportunities in its core aerospace and defense business, we are pleased to be strengthening our relationship with a recognized global leader and look forward to supporting them for many years to come,” said General David Heinz, chief operating officer, IBC. “Recent changes to our IBC Engineered Materials operations have resulted in improved production rates and operating efficiencies and we are well positioned to continue and grow our sales in the precision manufacturing sector while we broaden our aerospace product offerings and customer base.
“We are pleased to enter into this exclusive agreement for precision-cast components and to support this company’s ongoing commitment to manufacturing excellence.”