COLUMBIA, SC – December 10, 2019 - Smith-Midland Corporation (OTCQX: SMID) project announcement. The Smith-Columbia plant in Hopkins, South Carolina has signed with the Fluor-Lane SC joint venture to produce noise wall and posts for the Hugh K. Leatherman Sr. Port Terminal project in North Charleston, South Carolina.
The $762 million port project on the Cooper River is the only new permitted container terminal in the U.S. east of the Gulf coast and will be a major expansion for the SC Ports Authority. Charleston is currently the 9th largest port in the United States. As part of the $220 million South Carolina DOT access road portion of the project, Smith-Columbia will produce 30,000 square feet of reflective precast concrete noise wall panels and 1,600 linear feet of precast concrete posts. SCDOT worked with community leaders to develop the mitigation and enhancement plan that includes buffers, sound barriers (Smith-Columbia sound walls), green space, safety improvements and streetscaping.
The SC Port Access Road will connect Interstate 26 to the HKLS terminal. Production for Smith-Columbia will begin in November 2019. The access road project will be completed prior to the scheduled phase one opening of the new terminal in 2021.
About Smith-Columbia – Smith-Columbia is the South Carolina division of the Smith-Midland Corporation, a publicly traded company (OTCQX: SMID). Smith-Midland develops, manufactures, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utilities industries. Smith-Midland Corporation has three manufacturing facilities located in Midland, Va., Reidsville, N.C., and Columbia, S.C. For more information, please call (540) 439-3266 or visit www.smithmidland.com.
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This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from the results discussed in the forward-looking statements. Factors which might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, general business and economic conditions, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.