Valmont Industries, Inc. Overview
Company Headquarters: Denmark
Founded: 1946
Workforce: ~11,000
Company Working: Valmont Industries, Inc. is the parent organization of Valmont SM, which manufactures and sells various types of complex steel structures for a wide range of industries such as offshore oil and gas, transmission towers, wind energy, and material handling systems. It operates through four business segments, namely engineered support structures, utility support structures, coatings, and irrigation. The engineered support structures segment manufactures and distributes composite structures, engineered metal, components for the lighting and traffic, wireless communication, and roadway safety industries. The utility support structure segment produces aluminum, and composite poles, steel towers, industrial and architectural access systems. The irrigation segment carries out the production of agricultural irrigation equipment and related parts for the agriculture industry and tubular products for industrial customers.
The company has its operations primarily in countries such as the US, and Australia. Valmont SM has various subsidiaries such as, Newmark International Inc, Irri Management Argentina SA, Convert Italia SpA, Tehomet Baltic Ou, and Armorflex International Limited. A few of its major competitors are Siemens AG, and Areva.
Strategy
The company focuses on market penetration through superior customer service, technological innovation and consistency with high quality. It also focuses on product development and leveraging longstanding relationships with key distributors and end-users. It is expected to expand its geographical presence in Europe, the Middle East, and North Africa. It has also been building manufacturing facilities in China and India to enhance the business of pole structures for lighting, utility and wireless communication. The company also has focus on mergers and acquisitions to raise all its business segments.
