Layne Christian Company
) recently announced that its Geoconstruction Division was
awarded an approximately $19-million worth special contract
related to the construction of the Tansbay Tower in San
Francisco. The construction work is expected to take six months
to complete and it would begin in Oct 2013.
The scope of the contract requires the Geoconstruction
Division to construct the building foundation system using LBE
(load bearing elements). These LBEs are specially designed to
support vertical loads from the building framing system and
transfer them to the foundation. The foundation is expected to
have a depth of 245 feet.
The Tansbay Tower, for which Layne is awarded the foundation
construction contract, is expected to be the tallest tower in the
West Cost with a height of 1,070 feet and having 61 stories. This
tower will be constructed next to the Transit Center, which is a
visionary transportation and housing project that is believed to
transform downtown San Francisco and the San Francisco Bay Area's
regional transportation system by building a "Grand Central
Station of the West" in the heart of a new transit-friendly
Layne Christian's Geoconstruction Division essentially
provides specialized geotechnical foundation construction
services to heavy civil, industrial, commercial and private
construction markets across the globe.
Layne Christian is a global water management, construction and
drilling company. Currently, the company has a Zacks Rank #5
(Sell). However, other companies that can be considered at the
AO Smith Corp.
). All three carry a Zacks Rank #2 (Buy).
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KAYDON CORP (KDN): Free Stock Analysis Report
LAYNE CHRISTENS (LAYN): Free Stock Analysis
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