Tag Archives: Valmont

OMAHA, Neb. and TEL-AVIV, Israel and SAN JOSE, Cailf., Feb. 20, 2019/PRNewswire/ — Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure and irrigation equipment for agriculture and the parent company of Valley® Irrigation, and Prospera Technologies Inc., a leading Israeli machine vision and artificial intelligence (AI) company specializing in ag data, are pleased to announce their global partnership. The collaboration sets the course to provide growers with autonomous crop management solutions generating greater returns, while requiring fewer production inputs and resources.
“Valley Irrigation is transforming the center pivot from solely an irrigation machine to an autonomous crop management tool,” Valmont President and Chief Executive Officer Stephen G. Kaniewski commented. “Water remains our focus, as it is the number one determinant of crop yield. Growers who use pivots have a natural advantage to use them as often as needed, given their constant placement on the field. We can equip the structure to see what a grower may not be able to detect, arming them with critical information that delivers more crop precision, saving time, lowering costs and increasing yield.”

This exclusive global partnership is significant because it integrates artificial intelligence technologies with center pivot irrigation. Valley Irrigation leads the industry with more than 60,000 connected devices globally and carries distribution strength through the industry’s largest network of more than 500 dealers worldwide. The intelligence shared between these connected devices and the pivot, along with the integration of data science, machine-learning and AI, enables the two companies to develop real-time crop diagnoses and irrigation recommendations, resulting in greater returns for the grower.

Prospera, founded in 2014, is a leading force in ag tech, committed to bringing advanced machine learning (ML) technology to the agriculture sector. Backed by strategic investors including Cisco, Qualcomm and Bessemer, Prospera has developed proven analytics, algorithms and data layering to provide growers with irrigation and crop growth recommendations. Prospera currently monitors over $5 billion of greenhouse production. The partnership between the two companies will build on Prospera’s unique technology, expanding application to large-scale fields.

Autonomous crop management will result in a self-learning machine, using inputs from the field and the grower to deliver proper water, fertigation and chemigation. Launching in the spring of 2019, Anomaly Detection is a fundamental building block for growers entering into AI functionality. Providing visual detection of anomalies or issues, this technology provides essential features to mitigate risks in the field, assisting the grower with their irrigation and crop management practices. It will be available from Valley for all brands of pivots through a subscription-based model.

Kaniewski said launching specific technology products to the market and product adoption are two critical steps on the journey toward autonomous crop management. The joint machine-learning technology is targeted to reach one million acres by 2020. To develop the technology, the two companies collectively plan to invest more than $40 million over the next three years.

“Like Valley, Prospera is committed to giving growers more data-based, actionable insights from the machines that span every inch of their fields, while reducing potential risks that can harm crop production,” said Prospera Chief Executive Officer Daniel Koppel. “We are excited to partner with Valley Irrigation, the industry leader trusted by growers, and their global network of dealers, working together to feed an expanding population.”

Agricultural professionals can find out more about the Valmont/Prospera partnership and resulting technology at World AgriTech in San FranciscoMarch 19-20, 2019.

OMAHA, Neb.Feb. 11, 2019 /PRNewswire/ — Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today announced that it has acquired 100% of the outstanding shares of United Galvanizing, Inc. located in Houston, Texas. The transaction was funded with cash on hand, and is expected to be accretive to earnings in Year 1.
Employing approximately 150 people, United provides hot-dip zinc galvanizing and CorroCote services that will support Valmont’s steel structures manufacturing facilities in Brenham, Texas and Monterrey, Mexico, as well as custom work in the surrounding markets. Two structural kettles with working lengths of 41.5 feet and 60 feet, have a combined annual capacity of 80,000 tons, with flexibility to service a broad range of products. United’s 2018 full-year revenues were approximately $21 million.

Valmont also today announced the construction of a new hot-dip zinc galvanizing facility in Midland, Pennsylvania, approximately 35 miles northwest of Pittsburgh. Construction at the 11-acre site is expected to commence in the first quarter of 2019, and be fully operational by early 2020. As a result of the United acquisition, the 54-foot kettle currently at Valmont’s Brenham, Texas galvanizing facility will be redeployed to the Midland location, as part of retrofitting the existing building site. When completed, Valmont-Pittsburgh Galvanizing’s 120,000 square-foot facility will serve multiple market verticals throughout the region.

“United Galvanizing has been a respected name in the Houston market for many years,” said Stephen G. Kaniewski, President and Chief Executive Officer of Valmont Industries, Inc. “With this acquisition, and the construction of our new galvanizing facility in Pennsylvania, we strengthen our North America presence in the Coatings business, and continue to execute on the growth strategies outlined at our 2018 Investor Day. By utilizing existing assets at our Brenham facility, we further demonstrate our commitment to smart capital management as we pursue strategic geographic expansion.”

“We are excited to welcome the United team to Valmont, and announce our first greenfield plant in the Northeast U.S.,” said Rick Cornish, Group President of Valmont Global Coatings. “The Pittsburgh area is a new market for us, with strong economic development supported by infrastructure and petrochemical growth. We look forward to serving the Houston and Pittsburgh markets with superior levels of quality and customer service that are unmatched in the industry.”

Upon completion of both transactions, Valmont Coatings will have 38 locations worldwide in the United StatesCanadaAustraliaNew ZealandIndia and Southeast Asia.