EULESS, Texas, June 6, 2013 (GLOBE NEWSWIRE) -- Late last month, U.S. Concrete Precast, a U.S. Concrete, Inc. (Nasdaq:USCR) company, began constructing a portion of the 2,500 precast pieces that will serve as the base of the Long Beach Island boardwalk in Long Beach, N.Y. The boardwalk, destroyed by Hurricane Sandy in October of last year, is an overall rebuild estimated at nearly $44.2 million.
The reconstruction will utilize precast concrete, a type of concrete that is pre-manufactured off-site and then transported and installed on-site at a later date. The concrete is less susceptible to storm damage than the traditional wood planks used in the past and is built to withstand the high velocity winds of hurricanes that commonly occur on east coast beaches. The nostalgic feel of the boardwalk will be preserved by inlaying tropical wood planks on top of the precast, on which visitors will then be able to walk.
"Precast will not only provide long-lasting strength and resistance to hurricane-type storms, but also a resistance to the harsh salt water environment. It will also provide longevity unmatched by wood," said General Manager of U.S. Concrete Precast Marc Davis.
The product produced in the Middleburg plant will be transported to Long Beach, NY for installation. A small piece of the 2.25 mile long boardwalk is expected to open in July while the finished product is anticipated to be completed in November.
"U.S. Concrete Precast is excited to be a part of this project and to contribute to the Long Beach community by aiding in the restoration of the boardwalk. The boardwalk is such an iconic symbol of this community and many others along the eastern coastline. We couldn't be more excited to play a role in bringing it back to its fullest potential," ended Davis.
About U.S. Concrete Precast
Located in Middleburg, Pa., U.S. Concrete Precast is on the forefront of the precast concrete industry. For 50 years, U.S. Concrete Precast has provided ready-made concrete products for use in nearly all types of buildings including parking garages, office buildings, residential high-rises, stadiums, municipal and educational buildings. Precast concrete provides unique solutions allowing for faster builds, customized design and energy-efficient green initiatives. For more information on U.S. Concrete Precast, visit www.us-concreteprecast.com.
About U.S. Concrete
U.S. Concrete, Inc. (Nasdaq:USCR) services the construction industry in several markets in the United States through its two business segments: ready-mixed concrete and aggregate products. The Company has 101 fixed and 11 portable ready-mixed concrete plants and seven producing aggregates facilities. During 2012, these plant facilities produced approximately 4.8 million cubic yards of ready-mixed concrete and 3.3 million tons of aggregates. The company has supplied concrete for high profile, green building projects such as the San Francisco Public Utilities Headquarters, San Francisco Academy of Sciences, and One World Trade Center. For more information on U.S. Concrete, visit www.us-concrete.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This press release contains various forward-looking statements and information that are based on management's belief, as well as assumptions made by and information currently available to management. These forward-looking statements speak only as of the date of this press release. The Company disclaims any obligation to update these statements and cautions you not to rely unduly on them. Forward-looking information includes, but is not limited to, statements regarding: the stability of the business; encouraging nature of third quarter volume and pricing increases; ready-mix backlog; ability to maintain our cost structure and the improvements achieved during our restructuring and monitor fixed costs; ability to maximize liquidity, manage variable costs, control capital spending and monitor working capital usage; and the adequacy of current liquidity. Although U.S. Concrete believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that those expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions, including, among other matters: general and regional economic conditions; the level of activity in the construction industry; the ability of U.S. Concrete to complete acquisitions and to effectively integrate the operations of acquired companies; development of adequate management infrastructure; departure of key personnel; access to labor; union disruption; competitive factors; government regulations; exposure to environmental and other liabilities; the cyclical and seasonal nature of U.S. Concrete's business; adverse weather conditions; the availability and pricing of raw materials; the availability of refinancing alternatives; and general risks related to the industry and markets in which U.S. Concrete operates. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those expected. These risks, as well as others, are discussed in greater detail in U.S. Concrete's filings with the Securities and Exchange Commission, including U.S. Concrete's Annual Report on Form 10-K for the year ended December 31, 2012.
CONTACT: Company Contact: Brandie Gilliam Marketing Communications, U.S. Concrete firstname.lastname@example.org 817-835-2621