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Auscrete makes industrial park land purchase

 

February 14, 2018

Auscrete Corporation presented a check to the City of Goldendale last Wednesday for the purchase of land in the city's industrial park. With that, the company is moving forward with preparations to construct its manufacturing campus. The company manufactures building materials and constructs economical turnkey homes. The industrial land parcel comprises five acres, and Auscrete has also taken an option on the adjacent five acres to be developed within the following year. When the first production building is operating later in this year, Auscrete stated in its announcement, it will have the capacity to produce building products for 100 homes per year. This relates to engagement of over 50 employees, which also means there will be probably an additional 10 persons supported in service industries. Auscrete estimates that with company revenues approaching $15 million per annum, local wage-earners will put over $2 million per year back into the local economy. There will also be considerable funds spent with local suppliers, with the whole project anticipated to be a boost to the Goldendale-area economy. Company President John Sprovieri stated that the company is already in the final design stages of the property layout and will start breaking ground as soon as the necessary permits and approvals are obtained. Stage one will be the construction of a 25,000 square foot production facility building that will contain the specialized concrete preparation equipment along with the casting tables, cement storage silo, and conveyor systems. As production of housing building products commences later in the year, Auscrete will begin construction of other buildings for stage one, being a 15,000 sq. ft. assist building with fabrication and machine shop, powder coat and paint facility, and maintenance shop. Additional buildings are the 5,500 square foot office complex and 10,000 square foot inventory store. Sand preparation facilities will be at the back of the property.

Stage 2 of the development will give Auscrete added capabilities to produce 300 homes per year and corresponding employment of around 150 persons.

Sprovieri added, "Auscrete is a public company listed on the OTC share Market. At the recent city council meeting, it was reported that the company had taken on funding partners. The actual statement made by the company was a little different and taken out of context. Public companies have shareholders and usually only have partners in joint ventures. The statement made means that Auscrete has private investment funders that supply the necessary money to get this project underway. They are not partners. Auscrete is a virtually debt free company, and all funds acquired are used in the performance of the outlined project."

 

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