Tuesday, August 28, 2018

Auscrete Corp. (ASCK) Discusses New Initiatives and California Wildfires

  • Auscrete’s lightweight hybrid concrete/insulation wall and roof panels, offer unmatched building options that are both economical and environmentally friendly
  • The company is progressing with its new production facilities
  • Auscrete building materials offer a unique hedge against the destructive forces of fires
Auscrete Corp. (OTC: ASCK), operating out of Washington State, focuses on making affordable, technology driven and eco-friendly housing. The company constructs energy efficient housing and commercial structures built from Auscrete-developed lightweight hybrid concrete/insulation wall and roof panels.
In a recent interview, Auscrete Chief Executive Officer John Sprovieri and former Auscrete team member Jacki Wentz discussed company initiatives, as well as the fires raging in the State of California. Sprovieri discussed the company’s head office facility in Goldendale, Washington (http://nnw.fm/o0RL0). The expectation is that the company’s new facility will be in full production by the end of 2018 and will enable Auscrete to construct up to 100 homes annually. Furthermore, two additional production centers are planned, giving Auscrete the potential to build 300 homes per year out of the Goldendale, Washington, site.
The construction of 300 homes annually would bring in approximately $45 million in revenue to the company. Sprovieri noted that this would produce a profit margin of roughly 20 percent. In addition, he noted that Auscrete has its Canadian initiative, with plans to set up a 75 percent company-owned production plant with a Canadian investment group. He mentioned the enormous need for affordable housing in Canada. The company’s southern Ontario facility would be similar to its facility in Goldendale, Washington. Auscrete’s Canadian initiative would also help the company tap into the northeast U.S. market from southern Ontario. Auscrete doesn’t have a plant in the northeastern U.S.
Regarding the California wildfires, they’re wreaking havoc on housing in different areas of the state (http://nnw.fm/2drUt). Wentz lives in Redding, California, and she noted that, as of August 8, more than 1,000 homes have been lost in her region. Upon witnessing this destruction, she believes that the idea of a concrete home, allowing one to build a home out of something that sturdy and strong, is a “wonderful idea.” Structures constructed from the Auscrete building materials are low maintenance and will not catch fire and burn. Moreover, they’re highly resistant to hurricane forces and earth tremors, as well as insects and mold.
Wentz is considering returning to Auscrete and being on the ground floor of the company’s entry into California. There’s a great need for Auscrete homes, as evidenced by the destruction in her region. She’s excited about possibly heading up an additional office in California once Auscrete commences production in a few months.
What does she see as a primary advantage of the company’s technology? Safer homes. Auscrete is taking the initiative to provide affordable, energy efficient housing and commercial structures that are safe and capable of withstanding the destructive forces of wildfires.
For more information, visit the company’s website at www.AuscreteHomes.com
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