Date: Fri, 21 Nov 1997 00:59:05 GMT Server: Apache/1.2b11 Last-Modified: Tue, 25 Mar 1997 13:49:02 GMT ETag: "95a38-c3e-3337d7ce" Content-Length: 3134 Accept-Ranges: bytes Connection: close Content-Type: text/html
Valmont will remain focused on what it does best not only in its day-to-day operations but also in its approach to growing the business. The company intends to leverage technology it knows and understands into new markets or it will expand present markets by bringing in new technologies.
Valmont will continue to operate within two world economies: infrastructure development and food production. Within these very large economies, the company has carved out leadership positions in specific markets.
In infrastructure development, Valmont has focused its efforts on highly engineered poles and towers that are used in a wide variety of applications. The company designs and produces steel and aluminum poles for use in lighting, traffic signals and signs, as well as steel poles and structures for the transmission and distribution of electrical power. Valmont also has established a significant presence by producing metal poles, towers, and components for the wireless communication industry. These markets will continue to expand as the industrialized world upgrades its infrastructure and emerging countries develop theirs.
Within food production, the company's focus is on mechanized irrigation for agriculture. Over the next 35 years, the world must more than double its food production to satisfy the need for better diets for a growing global population. In meeting this major global challenge, there are two primary issues that must be resolved: increasing crop yields and effective management of limited fresh water supplies. For the producer, these are very real challenges; for Valmont, they represent the markets of today and tomorrow. Valmont's center pivot and linear move irrigation equipment provide solutions for these issues.
Valmont sees ample opportunities within these two world economies to expand its business in North America and, over time, expand its investments around the world to further accelerate its growth.
Looking toward the future, the drivers for the company's core businesses remain strong. This, together with Valmont's significant investments in its people, production equipment, and manufacturing processes, should enable the company to continue its progress in the years ahead.