As a result of the new permit, Polaris is now able to deliver up to 2 million t of highly specified aggregates annually, effectively doubling its throughput capacity in supply-constrained southern California.
"We are very pleased to be able to expand the aggregates throughput at our Long Beach terminal, especially at a point in time where the demand for these materials in Southern California is at an all-time high," said William J. Sandbrook, Chairman, President and CEO of US Concrete. "Our intention was for the Polaris acquisition to grow its aggregates volumes to provide our shareholders with both immediate and long-term value. The permit helps with these objectives, while also positioning our company to benefit from the anticipated tailwinds for the market, including the 2028 Olympics in Los Angeles."
US Concrete acquired the Long Beach terminal as part of its acquisition of Polaris in November 2017, which marked its entry into the southern California market.
Read the article online at: https://www.worldcement.com/the-americas/11092018/polaris-materials-granted-permits-to-increase-imports-of-aggregates/
