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5.2. PCSR 02-28-2023
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5.2. PCSR 02-28-2023
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2/24/2023 11:34:22 AM
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Rinker Materials, a division of the Quikrete Companies, is pleased to announce its intent to expand our <br />indoor production capability at our Elk River facility through the construction of a new $8,400,000 <br />production building. The need to expand indoors is largely due to the increase in state infrastructure <br />investment creating more demand for our products. Moving the production of our pipe, manhole and box <br />culvert production indoors will help meet the demand in Minnesota for these critical infrastructure <br />components. <br />The Elk River plant, located at 1340 6th Street SE, is the original site of Elk River Concrete Products also <br />known as Cretex Concrete Products. The Cretex Companies began in 1917. One of the founding families <br />was the Bailey family. The Cretex Companies are still a vital part of the local business community whose <br />headquarters are located at 311 Lowell Ave. in Elk River. This plant became part of the Forterra Concrete <br />Products group in 2016 and was later purchased by Quikrete/Rinker Materials in 2022. The expansion of <br />our indoor production capability will be a positive impact to the Elk River area in a number of ways? <br />* Reduction of seasonal layoffs of our plant employees. This will bring people into the Elk <br /> River plant for at least 3 additional months of each year which will positively impact the <br /> local economy. <br />* Will significantly reduce noise from forklifts that currently operate outdoors. This facility <br /> will eliminate the use of at least 3 forklifts and one rubber tired gantry crane that are <br /> currently used in our outdoor operations. These machines will be replaced by overhead <br /> cranes in the new building. These cranes are much cleaner and quieter than the <br /> machines that are being replaced. <br />* The new building will provide an enhanced visual appearance to the public. <br />* A project of this size will have a positive impact on the local economy during the <br /> construction of this building. <br />* Reduction of energy consumption for curing products outdoors. Currently we cure our <br /> products outdoors using live steam. Housing this production process will eliminate the <br /> need for use of live steam for curing. <br />* The Quikrete Companies, are making a significant investment for the future making our <br /> plant a more attractive place to work which provides sustainable employment <br /> opportunities for decades to come. <br />Our local management team and our employees are very excited about this project and are looking forward to <br />your support as we move forward with opportunity for us and for our community.
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