×

Auscrete Corp. in $19.6 Million Affordable Housing Development Next Spring

Rufus, OR, Dec. 01, 2015 (GLOBE NEWSWIRE) -- Auscrete Corporation, “ASCK” on the OTC, manufacturers of energy efficient specialty concrete site built affordable housing, announced Friday that they have sourced first level financing to establish their new building and casting plant. This will enable Auscrete to commence a contract starting next Spring for the construction of 130 affordable family homes.

The $19.6 million contract will take 3 years to complete and there are indications that it could be extended to include a further 92 homes. The two housing estates have acceptable requirements for exterior appearance rules and the homes will range generally from Southwestern to Spanish and Ranch style.

The new plant will be able to produce the equivelant of 100 homes per year or a combination of residential and commercial structures. Auscrete’s existing pilot plant has a capacity output of only 4-5 houses per year.

Auscrete CEO, John Sprovieri said that the housing recession appears to have finally ended and all indications are that there is a buoyant and thriving developing housing market.

Further information about the company can be found at auscretehomes.com



Contact information Auscrete Corporation PO Box 847 Rufus OR 97050 John Sprovieri / CEO 541 739 8298 john@auscretehomes.com

Source:Auscrete Corporation