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.

"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."

Bismarck Granules is set to create more than 50 new jobs in the region.

"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."

Construction is underway, with plans to open in 2026.

Missouri Partnership 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.