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Last $118.46 USD
Change Today -1.54 / -1.28%
Volume 310.3K
VMI On Other Exchanges
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New York
Berlin
As of 6:40 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

One Valmont Plaza

Omaha, NE 68154

United States

Phone: 402-963-1000

Fax: 402-963-1198

Valmont Industries, Inc. produces fabricated metal products, steel, aluminum and composite pole, tower, other structures, and mechanized irrigation systems. Business Strategy The company’s strategy is to pursue growth opportunities that leverage its existing product portfolio, knowledge of its principal end-markets and customers and engineering capability to increase its sales, earnings and cash flow, including increasing the market penetration of its existing products; bringing its existing products to new markets; developing new products for markets that it serves; and developing new products for markets that it serves. Segments Engineered Infrastructure Products This segment consists of the manufacture and distribution of engineered metal and composite structures and components for global lighting and traffic, wireless communication, offshore structures, roadway safety and access systems applications. The company manufactures steel, aluminum, and composite poles and structures to which lighting and traffic control fixtures are attached for a range of outdoor lighting applications, such as streets, highways, parking lots, sports stadiums and commercial and residential developments. The company manufactures and distributes a range of structures (poles and towers) and components serving the wireless communication market. The company also produces and distributes access systems. Access systems also are used in architectural applications. Products offered in this product line are usually engineered to specific customer requirements and include floor gratings, handrails, barriers and sunscreens. The company manufactures complex steel structures for wind energy and offshore and land based utility transmission outside of North America. Utility Support Structures This segment manufactures steel and concrete pole structures for electrical transmission, substation and distribution applications. The company’s products help move electrical power from where it is produced to where it is used. It produces tapered steel and pre-stressed concrete poles for high-voltage transmission lines, substations (which transfer high-voltage electricity to low-voltage transmission) and electrical distribution (which carry electricity from the substation to the end-user). In addition, it produces hybrid structures, which are structures with a concrete base section and steel upper sections. Its engineering process takes into account weather and loading conditions, such as wind speeds, ice loads and the power lines attached to the structure, in order to arrive at the final design. Coatings This segment consists of galvanizing, anodizing and powder coating services on a global basis. It adds finishes to metals that inhibit corrosion, extend service lives and enhances physical attractiveness of a range of materials and products. Among the services provided include hot-dipped galvanizing; anodizing; powder coating; and e-coating. In its Coatings segment, the company takes unfinished products from its customers and returns them with a galvanized, anodized or painted finish. Galvanizing is a process that protects steel with a zinc coating that is bonded to the product surface to inhibit rust and corrosion. Anodizing is a process applied to aluminum that oxidizes the surface of the aluminum in a controlled manner, which protects the aluminum from corrosion and allows the material to be dyed a variety of colors. The company also paints products using powder coating and e-coating technology (where paint is applied through an electrical charge) for various industries and markets. Irrigation This segment manufactures and distributes mechanical irrigation equipment and related service parts under the Valley brand name. The company also manufactures and distributes center pivot extensions that can irrigate corners of square and rectangular farm fields, as well as conforms to irregular field boundaries (referred to as a corner machine). The company’s irrigation machines can also irrigate fields by moving up and down the field as opposed to rotating in a circle (referred to as a linear machine). Irrigation machines can be configured to irrigate fields in size from 4 acres to approximately 500 acres, with a standard size in the U.S. configured for a 160-acre tract of ground. The company also offers growers options to control multiple irrigation machines through centralized computer control or mobile remote control. The irrigation machine used in international markets is substantially the same as the one produced for the North American market. The company’s mechanized irrigation equipment delivers water, electrical transmission fertilizers, and pesticides to agricultural crops. The company, through its majority ownership in AgSense LLC, develops and markets remote monitoring technology for pivot irrigation systems that is sold on a subscription basis under the WagNet product name. WagNet technology allows growers to remotely monitor and operate irrigation equipment and other farm structures, such as grain bins. The company markets its irrigation machines and service parts through independent dealers. There are approximately 275 dealer locations in North America, with another approximately 220 dealers serving international markets. Its international dealers are supported through its regional headquarters in South America, South Africa, Western Europe, Australia, China, and the United Arab Emirates, as well as the home office in Valley, Nebraska. Other This segment’s activities include the manufacture of forged steel grinding media for the mining industry, tubular products for various industrial customers, and the distribution of industrial fasteners. Acquisitions In 2014, the company acquired a manufacturer of fiberglass composite support structures with two manufacturing locations in South Carolina. Customers Customers and end-users of the company’s products include state and federal governments, contractors, utility and telecommunications companies, manufacturers of commercial lighting fixtures, and large farms, as well as the general manufacturing sector. History Valmont Industries, Inc. was founded in 1946.

 

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