I. Company Introduction

Knife River Corporation was founded in 1917 and became independently listed after being spun off from MDU Resources Group in June 2023. Its headquarters is located in Bismarck, North Dakota, and it has 4,389 full-time employees. The company provides construction materials mainly consisting of aggregates and contracting services in the United States, with a wide range of business scope.

Official Website: https://www.kniferiver.com/

II. Main Business Segments

1. Construction Materials Business

• • Aggregate Business: Mines, processes, and sells construction aggregates, including crushed stone, sand, and gravel. It has an aggregate reserve of over 1.1 billion tons, providing basic materials for infrastructure construction.
  • Concrete and Asphalt Business: Produces and sells asphalt and ready-mixed concrete to meet the material needs of various construction projects for road paving and building structures.
  • Other Materials Business: Sells cement, commodities, and other construction materials and related services, enriching the product variety and providing customers with one-stop material solutions.

2. Contracting Services Business

• • Civil Engineering Contracting: Provides heavy civil engineering services and participates in the construction of large-scale infrastructure projects.
  • Paving Contracting: Conducts asphalt and concrete paving services and is responsible for the pavement construction of transportation infrastructure such as roads.
  • Site Development Contracting: Carries out site development and grading services, providing preliminary site preparation work for various construction projects.

III. Technological and Business Advantages

1. Resource Reserve Advantage: It has an aggregate reserve of over 1.1 billion tons, providing a solid guarantee for the continuous and stable supply of construction materials, and has stability and cost advantages in raw material supply.

2. Business Diversification Advantage: It not only provides a variety of construction materials but also has the ability of contracting services. Business diversification can meet customers' one-stop needs from material procurement to project construction, enhancing customer stickiness and market competitiveness.

3. Regional Coverage Advantage: It covers multiple regions in the United States through five departments, including many states such as Alaska, California, Hawaii, Oregon, and Washington. Its extensive regional coverage enables it to reach markets and customers in different regions, diversify market risks, and expand market share.

IV. Development History