SOUTH JORDAN, Utah--(BUSINESS WIRE)--HEADWATERS INCORPORATED (NYSE: HW), the nation’s largest manager and marketer of Coal Combustion Products (“CCPs”), supplied high quality fly ash to achieve a 25% portland cement substitution rate for a Los Angeles construction project that set a new world record for largest continuous pour of concrete by volume.
Crews last weekend placed 21,200 cubic yards of concrete for the foundation of the Wilshire Grand building in downtown Los Angeles. A fleet of more than 200 trucks made 2,120 trips over 19 hours to place the concrete. At 1,100 feet in height, the Wilshire Grand building will become the tallest building west of the Mississippi River when it is completed in 2016.
News stories about the record-setting concrete project can be found here http://lat.ms/1eIGLia and here http://on-msn.com/N362NN. Headwaters also supplied all of the fly ash used in the project that previously held the concrete record – the Venetian Hotel in Las Vegas.
“It is always exciting to participate in landmark construction projects like the Wilshire Grand,” said Bill Gehrmann, President of Headwaters Resources. “California is one of the nation’s largest users of coal fly ash for projects that range from roads, bridges and dams to buildings both large and small. Project developers use fly ash both for its environmental benefits and to improve the performance of concrete.”
Fly ash makes concrete more durable by decreasing its permeability. Fly ash also helps mitigate the heat of cement hydration in large concrete structures like the Wilshire Grand foundation. Environmental benefits include conservation of energy, water and natural resources, as well as significant reductions in greenhouse gas emissions by displacing the manufacturing of cement.
The 1,800 tons of fly ash supplied to concrete producer California Portland Concrete for use in the Wilshire Grand foundation originated at power plants in Utah and Arizona. Headwaters operates a major distribution terminal in Pomona, California, to supply ash for Southern California projects.
“This high profile project comes on the heels of the U.S. Environmental Protection Agency once again affirming its support for using fly ash in concrete,” said Gehrmann. “EPA recently released a rigorous study that showed fly ash use in concrete is completely safe and the agency reiterated its belief that fly ash concrete offers significant opportunities to advance sustainability.”
About Headwaters Incorporated
Headwaters Incorporated is improving lives through innovative advancements in construction materials through application, design, and purpose. Headwaters is a diversified growth company providing products, technologies and services to the heavy construction materials, light building products, and energy technology industries. Through its coal combustion products, building products, and energy businesses, the Company has been able to improve sustainability by transforming underutilized resources into valuable products. www.headwaters.com
Forward Looking Statements
Certain statements contained in this press release are forward-looking statements within the meaning of federal securities laws and Headwaters intends that such forward-looking statements be subject to the safe-harbor created thereby. Forward-looking statements include Headwaters’ expectations as to the managing and marketing of coal combustion products, the production and marketing of building products, the licensing of residue hydrocracking technology and catalyst sales to oil refineries, the development, commercialization, and financing of new technologies and other strategic business opportunities and acquisitions, and other information about Headwaters. Such statements that are not purely historical by nature, including those statements regarding Headwaters’ future business plans, the operation of facilities, the availability of feedstocks, and the marketability of the coal combustion products, building products and catalysts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future events and our future results that are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Actual results may vary materially from such expectations. Words such as “may,” “should,” “intends,” “plans,” “expects,” “anticipates,” “targets,” “goals,” “projects,” “believes,” “seeks,” “estimates,” “forecasts,” or variations of such words and similar expressions, or the negative of such terms, may help identify such forward-looking statements. Any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or circumstances, are forward-looking. In addition to matters affecting the coal combustion products, building products, and energy industries or the economy generally, factors that could cause actual results to differ from expectations stated in forward-looking statements include, among others, the factors described in the caption entitled “Risk Factors” in Item 1A in Headwaters’ Annual Report on Form 10-K for the fiscal year ended September 30, 2013, Quarterly Reports on Form 10-Q, and other periodic filings.
Although Headwaters believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that our results of operations will not be adversely affected by such factors. Unless legally required, we undertake no obligation to revise or update any forward-looking statements for any reason. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Our internet address is www.headwaters.com. There we make available, free of charge, our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and any amendments to those reports, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. Our reports can be accessed through the investor relations section of our web site.