IKO, the Canadian roofing and waterproofing products manufacturer announced plans to open a new granule facility for its subsidiary, Bismarck Granules, in Bismarck, Mo.    

“We're proud to see another leading manufacturer like IKO choosing to grow in Missouri,” Gov. Mike Parson said in a Jan. 8 news 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.”

The company said it is investing more than $120 million in the new facility, which will supply granules to IKO's shingle plants across the U.S. It also plans to establish a quarry nearby to support the operation. Bismarck Granules is partnering with New Frontier Materials to secure feedstock for the process. Engineering firm Penta is also collaborating with the company on the project.

"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 … to finalize a facility that will play an essential role in supplying our US operations.”

IKO said that Bismarck Granules is set to create more than 50 new jobs in the region, strengthening the local economy. The company chose Bismarck for its highly skilled workforce, strategic central location, and excellent interstate connectivity.

"We are incredibly proud to have IKO and Bismarck Granules in our community," said Bismarck’s Mayor Seth Radford. "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."

Construction is underway, with plans to open in 2026.

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

Missouri Partnership, a public-private economic development organization, worked with several partners to attract Bismarck Granules to Missouri, including the City of Bismarck, St. Francois County, St. Francois County Industrial Development Authority, SEMO Regional Planning Commission, the Missouri Department of Economic Development, and Ameren.

"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.”

Bismarck Granules LLC is a division of IKO, a family-owned business established in 1951. IKO operates more than 35 manufacturing plants throughout North America and Europe.

For more information, visit iko.com.