EULESS, TX--(Marketwire - Nov 15, 2012) - U.S. Concrete, Inc. (NASDAQ: USCR) today announced that its San Francisco-based operating company, Central Concrete Supply Co., has become the first ready mix concrete producer in the United States to adopt the 2030 Challenge for Products, an initiative to reduce the greenhouse gas emissions from the Building Sector through low-carbon building products. Central Concrete has already achieved the first Challenge target set for 2014: delivering low-CO2 concrete mixes that reduce the overall carbon footprint, on average, by more than 30% as compared to traditional Portland cement concrete.
The 2030 Challenge for Products, issued by Architecture 2030, calls on architecture, planning, and building industries worldwide to specify, design and manufacture products that meet specific carbon reduction targets between now and the year 2030. These targets increase incrementally every five years.
U.S. Concrete's Central has also announced the development of environmental labels for their concrete mixes to become the first ready mix concrete supplier in the United States to initiate Environmental Product Declarations (EPDs), an initiative that provides standardized, quantified product life-cycle information to enable comparisons among various products fulfilling the same function.
"Our operating companies strive to remain at the forefront of industry initiatives related to reducing the carbon footprint. Adopting such action-oriented programs clearly demonstrates our strong commitment to sustainable construction," said William Sandbrook, President and Chief Executive Officer, U.S. Concrete, Inc. "We have a strong culture of sustainability throughout our operations that will enable us to expand these efforts in all of the markets we serve."
Francesca Desmarais, Director, 2030 Challenge for Products, added, "through the development of EPDs and their demonstrated low carbon products, Central Concrete is an exemplary manufacturer committed to sustainability, transparency, and low-carbon products. Architecture 2030 is excited to have them adopt the Challenge."
Globally, the building sector consumes more energy and contributes more to climate change than any other sector. Reducing the carbon footprint of the built environment is widely recognized as crucial for conserving energy, reversing climate change and sustaining a healthy economy. In particular, reducing the carbon footprint of concrete has been highlighted as one of the most significant actions the building sector can take.
In response to Architecture 2030's call, Central Concrete joined the Carbon Leadership Forum -- a team of researchers from the University of Washington's College of Built Environments, along with design and construction professionals -- to devise standards for concrete. These standards will allow owners, architects, structural engineers and developers to easily assess the environmental impact of concrete mixes and relate them to LEED v4 and 2030 Challenge for Products requirements.
ABOUT U.S. CONCRETE
With locations serving major construction markets in the United States (California, Texas, Oklahoma, New York, New Jersey and Washington, D.C.), U.S. Concrete's operating companies have been able to effectively meet the challenges inherent in
large-scale projects. The company has supplied concrete for high profile, green building projects such as the San Francisco Public Utilities Headquarters, San Francisco Academy of Sciences, and One World Trade Center.
As of the date of this press release, The Company has 101 fixed and 13 portable ready-mixed concrete plants, two precast concrete plants and seven producing aggregates facilities. During 2011, these plant facilities produced approximately 4.0 million cubic yards of ready-mixed concrete from continuing operations and 3 million tons of aggregates. For more information on U.S. Concrete, please visit: http://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; encouraging nature of third quarter volume and pricing increases; ready-mix backlog; ability to maintain our cost structure and the improvements achieved during our restructuring and monitor fixed costs; ability to maximize liquidity, 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, 2011 and subsequent Quarterly Reports on Form 10-Q.