EULESS, Texas, Oct. 22, 2013 (GLOBE NEWSWIRE) -- Eastern Concrete Materials, Inc., a business unit of U.S. Concrete, Inc. (Nasdaq:USCR), was selected to receive the New York City Concrete Industry Board's prestigious 52nd Annual Award. The award will be presented at the CIB's annual Roger H. Corbetta Awards for Quality Concrete recognition dinner on November 6th at Marina Del Rey in the Bronx.
Eastern was recognized for its role in supplying ready-mix concrete to three of the subcontractors who performed work on the infrastructure, foundations and superstructure of New York City's newest and most distinctive landmark, the World Trade Center Transportation Hub Transit Hall. The "Hub" connects the Port Authority's Trans-Hudson commuter rail line as well as other rail and bus lines that service New York City.
The soaring Transit Hall is owned by the Port Authority of New York and New Jersey. It was designed by renowned Spanish architect, sculptor and structural engineer, Santiago Calatrava, working with a team of architects and engineers from New York's Downtown Design Partnership. New York City-based firm Tishman-Turner Joint Venture managed the construction. The ready-mix concrete was placed by Eastern's customers – EIC Associates, Skanska USA Civil/Granite Construction Joint Venture, and Sorbara Construction Corporation.
This is the second consecutive year that Eastern has been recognized for its leadership role in supplying ready-mix concrete to one of New York City's bold, new landmarks at the World Trade Center in lower Manhattan. In 2012, Eastern received the Annual Award for providing ready-mix concrete for One World Trade Center. The 104 story/1,776 feet high One World Trade Center, formerly known as the Freedom Tower, is the tallest building in the Western Hemisphere and is scheduled to open in early 2014.
About Eastern
Eastern Concrete Materials, Inc., a business unit of U.S. Concrete, Inc. (Nasdaq:USCR), operates 17 ready-mix plants in New Jersey and New York and is the largest supplier of ready-mix concrete in the Northern New Jersey-New York City metropolitan area. The company also supplies sand, stone, and gravel from its three quarries in New Jersey to ready-mix, asphalt producer, government and contractor customers. Eastern's ready-mix product line, built on U.S. Concrete's EF Technology® platform of more sustainable concrete mix designs, includes a suite of proprietary and branded products to improve the appearance, productivity and performance of concrete work. The company's portfolio of projects includes the area's largest and tallest buildings, best-known monuments and biggest roadways and bridges. For more information about Eastern, visit http://www.us-concrete.com/usc_eastern_concrete.asp.
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 about 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.