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Auscrete Corp. (ASCK) to Setup Ontario Production Plant with Canadian Investment Group

  • Auscrete owns proprietary technology in hybrid insulated lightweight concrete building products manufacturing
  • Company’s focus is on the “Green” movement
  • Auscrete is finalizing plans to establish a 75 percent company-owned production plant in Ontario, Canada, with a Canadian Investment Group

A building materials manufacturing company based in Washington, Auscrete Corp. (OTC: ASCK) is at the vanguard of the “Green” movement. The company’s mission is to make affordable, technology-driven and eco-friendly housing available to those who were never before given the opportunity to realize the American Dream.

Auscrete Canada Ltd., as the new company is known, was formed to finance the construction and implementation of a manufacturing facility for its building products. The company will use Auscrete’s proprietary technology in hybrid insulated lightweight concrete building products, and it is leveraging this technology to provide a solution for those who want to buy their own solid, energy efficient, essentially fireproof Auscrete homes.

With its emphasis on the “Green” movement, the company is positioned to capitalize on the ever-growing trend toward environmentally friendly and non-toxic products. ConstructConnect noted that green and sustainable construction has developed from a marginal movement to realize mainstream status (http://nnw.fm/wC8gJ). It further said that, “Reducing energy usage and water usage are the top environmental issues driving green construction.”

The technology in Auscrete’s products has been shown to considerably reduce energy usage for heating and cooling while only costing around $100 per square foot to construct. The technology has accomplished this via the use of high level insulation, consequently lessening energy pollution.

Now, Auscrete is in the final stages of plans to set up a 75 percent company-owned production plant with a Canadian investment group. The Canadian group will take a 25 percent interest in the facility, which is to be located near London, Ontario. Spiro Sapounas of London, Ontario, leads the Canadian investment group.

This facility can address the need for affordable housing, both across Canada and in the northeastern United States, where the closest U.S. plant is in the Pacific Northwest. The project also has numerous aspects that may make it suitable for government financial involvement and assistance. Sapounas has met with state and federal governments regarding the facility’s eligibility in this regard.

In a recent news release, Auscrete spokesman Lee Odom said, “Based on the conservative model of projections for this facility with a 12-month production level of 300 homes, Annual Revenue of $45 million is expected. Also, those conservative estimates are based on 1,500 sq. ft. homes whereas most are above that average, so in reality, that number could be higher depending on the demographic region.”

The Ontario facility will be similar to Auscrete’s flagship head office facility in Goldendale, Washington. This plant, with projected manufacturing of building products for 300 houses annually, will employ more than 150 people.

GenieBelt noted that in many countries there exists a dearth of housing while population growth is rising, and poverty is widespread (http://nnw.fm/54aiH). It stated, “One of the solutions to these problems can be sustainable housing, but whether these homes can be made affordable enough for the average Joe to own or rent is another question.”

As a builder of “Green” energy efficient housing and commercial structures made from its lightweight hybrid concrete/insulation wall and roof panels, Auscrete is now taking its expertise into new areas to fulfill affordable housing needs. The Canadian facility project furthers the company’s vision in this regard.

For more information, visit the company’s website at www.AuscreteHomes.com

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