EULESS, Texas, Sept. 26, 2013 (GLOBE NEWSWIRE) -- Central Concrete Supply Co., Inc., a business unit of U.S. Concrete, Inc. (Nasdaq:USCR), and the leader in delivering low-CO2 concrete to the San Francisco Bay Area, today announced that it will be initiating placements of its high-performing, low-CO2 concrete mixes for the San Jose Earthquakes Stadium on September 27. The first concrete placement for the foundation marks a key milestone for the San Jose Earthquakes Stadium construction project. The stadium will be the new home for San Jose's Major League Soccer team, the San Jose Earthquakes.
Central Concrete's Mixes will Reduce Carbon Footprint by One Million Lbs. In CO2 Emissions
Central Concrete will be supplying an estimated 12,000 cubic yards of its concrete, including low-CO2 mixes for the San Jose Earthquakes Stadium's foundations and walls, interior and exterior slabs, and other applications. Central Concrete's low-CO2 mixes significantly cut the Portland cement content of the concrete mix (a major contributor to green house gas emissions) and will result in an estimated net savings of one million pounds in CO2 emissions from embodied carbon, compared to traditional concrete mixes.
General contractor, Devcon Construction, Inc., and subcontractor Joseph J. Albanese, Inc. selected Central Concrete for the Earthquakes Stadium project.
"We selected Central Concrete based on our shared partnerships working on large-scale concrete projects, including the new San Francisco 49ers stadium," said Gary Filizetti, president, Devcon Construction, Inc. "The fact that Central Concrete excels not only in concrete performance, but also in mixes that reduce the carbon footprint, was very important to us."
"Central Concrete has been a key concrete supplier of ours for more than 55 years," said John Albanese, president and CEO, Joseph J. Albanese, Inc. "Together, we share the same work ethic of 'just getting it done' with a commitment to safety and quality. We look forward to working with Central Concrete on this landmark project."
About Central Concrete
Central Concrete Supply Co., Inc., a business unit of U.S. Concrete, Inc. (Nasdaq:USCR), has been serving the San Francisco Bay Area for more than 60 years. The company is recognized for engineering higher-performing concrete than traditional concrete while significantly lowering carbon footprints with its low-C02 mixes.
Unlike traditional concrete, Central Concrete's standard mixes deliver 50% or greater cement replacement materials, thereby significantly reducing the carbon footprint of the project under construction. Central Concrete is recognized for supplying its low-CO2 mixes to numerous San Francisco Bay Area signature projects, including the Cathedral of Christ the Light Church, Oakland; California Academy of Sciences, San Francisco (world's greenest museum); NASA Ames Sustainability Base, Mountain View (greenest federal building in the U.S.); David and Lucile Packard Foundation, Los Altos (largest net-zero private office building in Calif.); the San Francisco Public Utilities Commission headquarters (San Francisco's greenest office building); the new Santa Clara San Francisco 49ers stadium; and the San Francisco-Oakland Bay Bridge.
With 12 locations in the San Francisco Bay Area, Central Concrete offers multiple points of service to meet the diverse operational needs of its customers. For more information, visit www.centralconcrete.com.
About U.S. Concrete
U.S. Concrete services the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and aggregate products. The Company has 105 fixed and 10 portable ready-mixed concrete plants and seven producing aggregates facilities. During 2012, U.S. Concrete produced approximately 4.8 million cubic yards of ready-mixed concrete and approximately 3.3 million tons of aggregates. 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; ready-mix backlog; ability to maintain our cost structure and the improvements achieved during our restructuring; ability to maximize liquidity, monitor fixed costs, 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 and subsequent Quarterly Reports on Form 10-Q.
CONTACT: Company Contacts: Brandie Gilliam Marketing Communications, U.S. Concrete email@example.com 817-835-2621 Anne Banta Marketing and Communications, Central Concrete firstname.lastname@example.org Office: 831-293-8008 Mobile: 650-400-9673
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