Hopedale, MA Latest Addition to Growing National MultiSource® Materials Network
LOUISVILLE, KY (May 1, 2019) – Charah® Solutions, Inc. (NYSE: CHRA) (the “Company”), a leading provider of environmental and maintenance services to the power generation industry, today announced that it has opened a new rail-served distribution terminal with storage in Central Massachusetts. The fully-operational terminal and silos, located in Hopedale, MA, will serve customers throughout New England where demand for quality fly ash is growing.
The new facility provides customers with easy access to nearby I-495 and I-90 and direct routes to Rhode Island and New Hampshire, allowing for the efficient distribution of products to customers throughout the New England region. The new silos also increase availability and reliability of fly ash from Charah Solutions’ MultiSource® materials network locations.
The Company’s MultiSource materials network represents nearly 40 nationwide sourcing locations across the South, New England, the Midwest, the Rocky Mountains and California. These locations ensure a steady and reliable supply of Class C and Class F fly ash for ready-mix concrete producers and other customers throughout the United States.
“Charah Solutions is nationally recognized in the power generation industry as a leading fly ash sales and marketing company,” said Scott Ziegler, Vice President of Byproduct Sales at Charah Solutions. “This relocation to a larger terminal in Central Massachusetts will allow us to more than double our regional throughput and increase our inventory, while ensuring a steady and reliable supply of quality fly ash for the ready-mix concrete producers throughout the region.”
Click here to see a complete map of Charah Solutions’ MultiSource® materials network locations.
About Charah Solutions, Inc.
With 30 years of experience, Charah® Solutions, Inc. is a leading provider of environmental and maintenance services to the power generation industry, with operations in coal-fired and nuclear power generation sites across the country. Based in Louisville, Kentucky, Charah Solutions assists utilities with all aspects of managing and recycling ash byproducts generated from the combustion of coal in the production of electricity as well as routine power plant maintenance and outage services for coal and nuclear energy providers. The company also designs and implements solutions for ash pond management and closure, landfill construction, fly ash and slag sales, and structural fill projects. Charah Solutions is the partner of choice for solving customers’ most complex environmental challenges, and as an industry leader in quality, safety, and compliance, the company is committed to reducing greenhouse gas emissions for a cleaner energy future. For more information, please visit www.charah.com.
MultiSource® is a registered trademark of Charah, LLC in the United States.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. These statements are based on certain assumptions made by the company based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made and the company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Investor and Media Contact
Joele Frank, Wilkinson Brimmer Katcher
Ed Trissel / Kate Clark / Tim Ragones
Byproduct Sales Contact
Charah Solutions, Inc.