Smith-Midland Producing Precast Utility Manholes for The Port of Virginia

Rhea-AI Summary

Smith-Midland Corporation (NASDAQ:SMID) has initiated production of precast concrete Utility Manholes for the North Norfolk International Terminal Optimization Project in Virginia, worth $1.1 million. The project, covering over 74 acres, will involve the delivery of multiple underground precast concrete utility boxes for electrical and communication uses, including cast iron frames and covers. Smith-Midland will design and manufacture multiple manholes with ten different sizes, 40% of which are engineered for heavy-duty loads up to 100,000 lbs. The company anticipates more large-scale projects following the passing of the Infrastructure Investment and Jobs Act by Congress.

Positive

• Initiation of production for a significant project
• Diverse range of precast products designed for heavy-duty loads
• Anticipation of more projects due to the passing of the Infrastructure Investment and Jobs Act

Negative

• None.

MIDLAND, VA / ACCESSWIRE / November 30, 2023 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has begun production in their Virginia plant for $1.1 Million of precast concrete Utility Manholes for the North Norfolk International Terminal Optimization Project, in Norfolk, Virginia.

The redevelopment project, consisting of over 74 acres of terminal property, will include multiple underground precast concrete utility boxes for electrical and communication uses. The utility manholes will also include cast iron frames and covers, all of which will be delivered to the site. Production and delivery of the boxes is set to last through 2024.

Smith-Midland is designing and manufacturing multiple manholes utilizing ten different sizes with around 40 percent of the total order engineered to be rated for heavy-duty loads up to 100,000 lbs.

"This redevelopment is a massive undertaking and we know that our precast products are the perfect solution to the project demands. Precast concrete is a versatile and strong material, making it the first choice in projects like these. We look forward to more projects of this size and scope due to the Infrastructure Investment and Jobs Act passed by Congress." said Matthew Smith, Vice President of Sales and Marketing at Smith-Midland.

The owner of the project is The Port of Virginia (Virginia International Terminals, LLC) and Smith-Midland will again be working with J.C. Driskill, Inc., the electrical subcontractor, and the general contractor, Allan Myers.

About Smith-Midland Corporation

Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products and systems for use primarily in the construction, transportation, and utility industries.

Smith-Midland Corporation has three manufacturing facilities located in Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks^® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall^®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.

CONTACT:

Media Inquiries:
scrandall@midlandadvertising.com
(540) 439-8056

Sales Inquiries:
info@smithmidland.com
(540) 439-3266

Investor Relations:
Steven Hooser or John Beisler
Three Part Advisors, LLC
(214) 872-2710

SOURCE: Smith-Midland Corporation

View source version on accesswire.com:
https://www.accesswire.com/811722/smith-midland-producing-precast-utility-manholes-for-the-port-of-virginia

FAQ

What is Smith-Midland Corporation's ticker symbol?

Smith-Midland Corporation's ticker symbol is SMID on the NASDAQ stock exchange.

What is the value of the North Norfolk International Terminal Optimization Project?

The North Norfolk International Terminal Optimization Project in Virginia is valued at $1.1 million.

Who is the owner of the North Norfolk International Terminal Optimization Project?

The owner of the project is The Port of Virginia (Virginia International Terminals, LLC).

What are the key features of the precast concrete Utility Manholes?

The Utility Manholes will include multiple underground precast concrete utility boxes for electrical and communication uses, along with cast iron frames and covers.

What is the anticipated impact of the Infrastructure Investment and Jobs Act on Smith-Midland's future projects?

Smith-Midland anticipates more large-scale projects following the passing of the Infrastructure Investment and Jobs Act by Congress.