Auscrete (OTC: ASCK) recently announced that it will be setting up a production plant that is projected to manufacture building products for 300 houses annually. A recent article discussing the new plant reads: “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.”
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About Auscrete Corporation
Auscrete Corporation is a building materials manufacturing company and constructor of “GREEN” energy efficient housing and commercial structures built from Auscrete developed lightweight hybrid concrete/insulation wall and roof panels. Structures built of this medium have very low maintenance needs and, being concrete, are highly resistant to insects and mold. They have considerable mass and are highly resistant to hurricane forces and earth tremors. They will not catch fire and burn. Auscrete is planning to establish their Flagship Facility in Goldendale, WA. Follow all the updates regarding the launch of the flagship facility at www.AuscreteBlog.com.
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