BISMARCK, MO (News First) – IKO, a global leader in the manufacturing and supply of residential shingles, commercial roofing, and waterproofing products, announced that it will open a new granule facility for its subsidiary Bismarck Granules in Bismarck, investing $120 million and creating more than 50 new jobs.
“We’re proud to see another leading manufacturer like IKO choosing to grow in Missouri,” Governor Mike Parson says in a press release. “This company’s significant expansion in Bismarck speaks to our ability to support businesses through our state’s strategic location, low costs, and skilled workforce. We congratulate IKO on its success and look forward to the positive impact it will provide for Missourians.”
“We are incredibly proud to have IKO and Bismarck Granules in our community,” states Bismarck Mayor Seth Radford. “They have already proven to be outstanding partners, and we value the strong relationships we’ve built together. Their investment in this project highlights the incredible potential of our city, and we look forward to working closely with them as they continue to grow and bring prosperity to our region.”
“St. Francois County is proud to be a part of adding IKO as a productive business in our community,” adds St. Francois County Presiding Commissioner. “The additional jobs and revenue will help ensure the prosperity of our county.”
Bismarck Granules’ new facility will supply granules to IKO’s shingle plants nationwide. The company also plans to establish a nearby quarry to support the operation. Bismarck Granules is partnering with New Frontier Materials to secure feedstock to be used as input to the process. Engineering firm Penta is also collaborating with the company on the project. Construction is underway for Bismarck Granules’ new facility, with plans to open in 2026.
For this expansion, Bismarck Granules will benefit from the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation.
Bismarck Granules LLC is a division of IKO. IKO is a worldwide leader in the roofing, waterproofing, and insulation industry for residential and commercial markets. A vertically integrated company, IKO operates more than 35 manufacturing plants throughout North America and Europe. IKO is a family-owned business established in 1951.
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