Auscrete Corp. (ASCK) Eyes Year-End Production Launch, Future International Growth in Canada and Cuba
- ASCK projects future revenues of $45 million from 300 homes per year at a 20 percent margin from its Goldendale, Washington facility; it will initially produce materials for 100 homes annually
- CEO John Sprovieri said that the firm’s planned facility in Ontario, Canada, could export materials for homes in the Northeastern U.S.; new facility in Cuba is possible
- ASCK manufactures proprietary lightweight and energy efficient hybrid wall and roof panels for on-site construction by contractors/developers
Auscrete Corp. (OTC: ASCK) is planning to begin production by year-end from its flagship facility in Goldendale, Washington. When completed, the site is expected to have capacity for 300 homes that could generate annual revenues of $45 million at a projected margin of 20 percent for the company, as Sprovieri noted in an audio interview with NetworkNewsWire (http://nnw.fm/bBU9x).
Sprovieri said that he expects ASCK to be in production at its Goldendale facility by the end of this calendar year, with the plant boasting initial annual capacity of about 100 homes. Later, the company plans to add two more buildings at the location and expand its production capacity.
“Initially, our first production building will enable us to build up to 100 homes,” he said in the interview. “With two more buildings, typically, we could build more than 300 homes per year. Three hundred homes per year is about $45 million revenue. Our bottom line can usually get to 20%. As you can imagine, the company should be quite profitable.”
ASCK is a building manufacturing company focused on ‘green’, energy efficient structures made from lightweight hybrid concrete/insulation wall and roof panels. The company, which is positioning itself as a major supplier in the affordable housing market, has stated that these units have very low maintenance costs. They are resistant to insects and mold, as well as natural events such as hurricanes and earth tremors. The houses, to be sold to contractors/developers, would be constructed onsite. The materials are also suitable for commercial and industrial structures, ASCK said.
Sprovieri added that the government of Canada has expressed interest to ASCK’s Canadian partners about establishing a housing materials plant in Cuba. Additionally, upon completion, ASCK’s Ontario facility could, in the future, export homes to the Northeastern U.S. Sprovieri noted that because homes constructed of the company’s materials will not burn, there is also a future opportunity for the company to provide houses in California. That state has already had more than 1,000 houses destroyed by wildfires this year, according to USA Today (http://nnw.fm/z28HO).
For more information, visit the company’s website at www.AuscreteHomes.com
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer