IKO is proud to announce plans to open a new granule facility for its subsidiary, Bismarck Granules, in Bismarck, Missouri.
“We’re proud to see another leading manufacturer like IKO choosing to grow in Missouri,” said Governor Mike Parson. “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.”
The company is investing more than $120 million in the new facility. It will directly supply granules to IKO’s shingle plants across the U.S. The company plans to establish a quarry nearby 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…