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Missouri announces IKO will build granules plant near Bismarck, $120 million investment and 50+ jobs
Summary
The Missouri Department of Economic Development informed commissioners that IKO will build a granule facility in the Bismarck area, investing about $120 million and planning to create more than 50 jobs, with construction underway and an expected 2026 opening.
The Missouri Department of Economic Development has announced that IKO, a manufacturer of roofing shingles and related products, will build a granules facility in the Bismarck area, a county official told St. Francois County commissioners.
County staff reported that IKO is investing approximately $120,000,000 to build the subsidiary operation, Bismarck Granules, and that the company intends to open the facility in 2026. The county presentation said construction is already underway and that IKO operates more than 35 manufacturing plants in North America and Europe.
Commissioners and staff described local geology as a key reason the company chose the area: county staff said the local rhyolite rock fractures into sharp particles suited to roofing granules and lacks the quartz that can cause defects in shingles. County officials also cited the planned natural gas supply as an enabling factor for the facility's drying and coloring processes.
County staff said they have been working with IKO for several years and expect the plant to support related industrial activity in the area. No formal financial incentives or local tax arrangements were described at the meeting; commissioners said the announcement came from the state Department of Economic Development and that county officials had been in contact with the company for multiple years.
