Texas Industries, Inc. Announces Resumption of the Hunter Cement Expansion Project in Central Texas
October 15 2010 - 4:00PM
Texas Industries, Inc. (NYSE:TXI) today announced that its Texas
subsidiary has resumed the Hunter cement plant expansion project
near New Braunfels, Texas. In January of 2009, TXI announced that
it was delaying construction on the project due to the downturn in
Texas construction activity and accompanying decline in cement
demand. Successful cost-reduction and efficiency improvement
measures taken by the company over the past two years have enabled
TXI to resume construction on the state-of-the-art kiln line in
central Texas.
"The hard work accomplished by our employees during these
challenging times has afforded us the opportunity to re-start
construction at Hunter Cement," shared J. Lynn Davis, Vice
President – Cement.
The project is currently about 85% complete, with most of the
equipment purchased and at the site. The general contractor,
Irondale Industrial Contractors, has begun preliminary mobilization
of equipment to resume the project. The new kiln line is
expected to begin commissioning within 24 months of the restart of
construction.
"Texas continues to be one of the fastest-growing states in the
country, and as favorable market conditions begin to return, TXI
should be positioned to supply that growth with low-cost and highly
efficient capacity," Davis added.
Texas Industries, Inc., a Dallas-based company, is a leading
supplier of building materials, including cement, aggregate and
concrete. With operating subsidiaries in six states, TXI is
the largest producer of cement in Texas and a major producer in
California. TXI is a major supplier of stone, sand, gravel and
expanded shale and clay products, and one of the largest producers
of bagged cement and concrete products in the Southwest. TXI
shares are traded on the New York Stock Exchange under the symbol
"TXI."
The Texas Industries, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6602
Certain statements contained in this press release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact are forward-looking statements.
Forward-looking statements may include the words "may", "will",
"estimate", "intend", "continue", "believe", "expect", "plan" or
"anticipate" and other similar words. Such statements are subject
to risks, uncertainties and other factors, which could cause actual
results to differ materially from future results expressed or
implied by such forward-looking statements. Potential risks and
uncertainties include, but are not limited to, the impact of
competitive pressures and changing economic and financial
conditions on our business, the cyclical and seasonal nature of our
business, the level of construction activity in our markets,
abnormal periods of inclement weather, unexpected periods of
equipment downtime, unexpected operational difficulties, changes in
the cost of raw materials, fuel and energy, changes in the cost or
availability of transportation, changes in interest rates, the
timing and amount of federal, state and local funding for
infrastructure, delays in announced capacity expansions, ongoing
volatility and uncertainty in the capital or credit markets, the
impact of environmental laws, regulations and claims and changes in
governmental and public policy, and the risks and uncertainties
described in our reports on Forms 10-K, 10-Q and 8-K.
Forward-looking statements speak only as of the date hereof, and we
assume no obligation to publicly update such statements.
CONTACT: Texas Industries, Inc.
David Perkins, Corporate Director Communications
and Government Affairs
972.647.3911
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