IKO to open new facility in Bismarck, investing $120 million and creatin…

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," 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."

Bismarck Granules' new facility will supply granules to IKO's shingle plants across the country. 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.

"We are tremendously excited to see this important project proceeding," said David Koschitzky, CEO of IKO North America. "It is the culmination of several years of effort by both our team and our partners to finalize a facility that will play an essential role in supplying our US operations. In addition to our team, our local partners at New Frontier Materials and Subhash Mohan and the group at PENTA Engineering Corporation, deserve a great deal of thanks for helping us get to the start of construction of this state-of-the-art facility."

"IKO's new facility is exciting news for Bismarck and our state's ever-growing manufacturing industry," said Michelle Hataway, Director of the Department of Economic Development. "Thank you for selecting our state to invest, create jobs, and help Missourians prosper."

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.

What others are saying

"We are incredibly proud to have IKO and Bismarck Granules in our community," said 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," said Harold Gallaher, Presiding Commissioner of St. Francois County. "The additional jobs and revenue will help ensure the prosperity of our county."

"Missouri continues to be a top choice for innovative manufacturers like IKO," said Subash Alias, CEO of Missouri Partnership. "Missouri has established itself as a premier destination for construction materials manufacturing, offering unmatched advantages like a skilled workforce, central location, and a business-friendly environment. We are proud to welcome IKO to the state, and we look forward to the opportunities this company will create for the Bismarck community and the region."

About Bismarck Granules LLC

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.

About the Missouri Department of Economic Development

The Missouri Department of Economic Development (DED) works to create an environment that encourages economic growth by supporting Missouri's businesses and diverse industries, strengthening our communities, developing a talented and skilled workforce, and maintaining a high quality of life. As one team built around the customer and driven by data, DED aspires to be the best economic development department in the Midwest. Through its various initiatives, DED is helping create opportunities for Missourians to prosper.

For the latest updates on DED's current or future programs and initiatives, visit DED's website.

About the Missouri Works Program

As the state's number one incentive tool for expansion and retention, the Missouri Works Program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri.

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