NetworkNewsBreaks – Auscrete Corp. (ASCK) Finalizes Plans to Open Canadian Facility
US-based Auscrete (OTC: ASCK), a building materials manufacturing company, this morning announced that it is finalizing plans to set up a production plant near London, ONT with a Canadian investment group. The Canadian-based facility, which will be similar to the company’s WA head office facility, will be 75 percent owned by Auscrete. The Canadian investment group will hold the remaining 25 percent interest in the facility. Spiro Sapounas, head of the Canadian investment group, has met with the State and Federal Governments as the facility may be eligible to receive financial involvement and assistance. “Based on the conservative model of…