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Company President Bill Bocchino said he was oneof Koreteck’es largest customers and when the opportunity presented itself to buy the divisionb at the end of April he decided to take advantaged of it. The alternative for the former Kansas City-based BlueScope Buildingss North America, was to close the divisiojn down. The final purchase price for the divisiob will be determined as a percentage of itsfuture “This product is green, it’s sustainablre and it’s proven to be efficient,” said “This is the perfect product.
” The patented Koreteckm system includes foam-insulated steel panelse that are 5 percentt to 30 percent cheapert to build and use 20 percen t less air conditioning than more traditional wall constructionj materials. The system can earn developers up to eighy points for Leadership in Energy andEnvironmental Design, or LEED construction To date there are more than 400 completed Koretecj projects in the U.S., includinfg 17 in the Jacksonville area.
All newly constructed Gate Gas stationsa are being built with the Koreteck as is the Shops at Julingtojn Creek Marina that will be anchored bya 21,000-square-foof Fresh Market grocery store under construction on San Jose Koreteck’s largest project to date, however, is a hospitalo in Nome, Alaska, that is not yet under construction. That $200 millioj project includes the $930,000 cost for the Koretec k system.
For now, Bocchino said he intends to keep businesds as usualat Koreteck’s Virginia manufacturing facility that employs 23 and at the Idaho facilityg that employs eight, but he expects in the next 24 monthsd to open a third facility in Jacksonville as demand for the product Jacksonville-based STT is a full service generakl contractor that also includes a sister company called Southeast Trenchingt Technologies.
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