Valmont Industries Inc
(NYSE: VMI)
139.80
-2.27
-1.60%
-2.27
-1.60%
MORE ON VMI
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Valmont Industries, Inc. |
| Industry: | Metal Fabrication |
| Employees: | 10,543 |
DESCRIPTION
| Valmont Industries, Inc. was founded in 1946, and became public in 1968. The Company is the producer of fabricated metal products and a producer of metal and concrete pole and tower structures in its Engineered Support Structures and Utilities Support Structures businesses and is a global producer of mechanized irrigation systems in its Irrigation business. It aggregates its operating segments into four reportable segments: Engineered Support Structures, Utility Support Structures, Coatings and Irrigation. In addition to these segments activities include the manufacture of tubular products for a variety of industrial customers and the distribution of industrial fasteners. The Engineered Support Structures segment manufactures and markets engineered metal structures in three product lines: Lighting and Traffic, which includes steel and aluminum 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; Specialty, which manufactures and sells a range of structures 'poles and towers' and components serving the wireless communication and highway sign markets. Specialty products also include special use structures for a variety of applications and Utility, which produces steel pole structures used for electrical transmission, substation and distribution applications. The Utility Support Structures segment produces 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 manufactures 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. In its Coatings segment, it 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 a number of industries and markets. In its Irrigation segment, it manufactures and distributes mechanical irrigation equipment and related service parts under the 'Valley' brand name. A Valmont irrigation machine usually is powered by electricity and propels itself over a farm field and applies water and chemicals to crops. It faces competitive pressures from a variety of companies in each of the markets it serves. Its competitors include companies who provide the technologies that it provides as well as companies who provide competing technologies, such as drip irrigation. Its competitors include international, national, and local manufacturers. The Company's facilities and operations are subject to U.S. and foreign laws and regulations relating to the protection of the environment, including those governing the discharge of pollutants into the air and water, the management and disposal of hazardous substances and wastes, and the cleanup of contamination. |
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