Profile: Martin Marietta Materials Inc (MLM)

MLM on New York Consolidated

167.04USD
4 Sep 2015
Change (% chg)

$-0.87 (-0.52%)
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$167.91
Open
$166.09
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Volume
63,822
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753,775
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$177.59
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Martin Marietta Materials, Inc., incorporated on November 12, 1993, is a supplier of aggregates products (crushed stone, sand and gravel) and heavy building materials (cement) for the construction industry, including infrastructure, non-residential, residential, railroad ballast, agricultural and chemical grade stone used in environmental applications. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Company’s Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. The Company’s Cement business is engaged in producing Portland and specialty cements, such as masonry and oil well cements. The Company’s Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.

Aggregates Business

The Company’s Aggregates Business mines, processes and sells granite, limestone, sand, gravel and other aggregate products for use in all sectors of the public infrastructure, non-residential and residential construction industries, as well as agriculture, railroad ballast, chemical and other uses. The Company conducts its Aggregates business through three reportable segments: the Mid-America Group, Southeast Group and West Group. The Aggregates business also includes the operation of other construction materials businesses. During the year ended December 2014, the Company’s Aggregates business shipped and delivered aggregates, asphalt products and ready mixed concrete from a network of approximately 400 quarries, underground mines, distribution facilities, and plants to customers in 32 states, Canada, the Bahamas and the Caribbean Islands.

Cement Business

The Company’s Cement Business produces Portland and specialty cements, such as masonry and oil well cements. Cement is used in infrastructure projects, non-residential and residential construction, and the railroad, agricultural, utility and environmental industries. The Company has two production facilities, one located in Midlothian, Texas, south of Dallas/Fort Worth, and the other located in Hunter, Texas, between Austin and San Antonio. The Company also has a rail-located cement plant in southern California at Oro Grande, California, near Los Angeles, California, and operates cement grinding and packaging facilities at the Crestmore plant near Riverside, California. The cement facilities have an annual capacity of approximately 6.6 million tons. In addition to the manufacturing and packaging facilities, the Company operates five cement distribution terminals.

Magnesia Specialties Business

The Company manufactures and markets, through its Magnesia Specialties Business, magnesia-based chemical products for industrial, agricultural, and environmental applications, and dolomitic lime for use primarily in the steel industry. These chemical products have different uses, including flame retardants, wastewater treatment, pulp and paper production, and other environmental applications.

Company Address

Martin Marietta Materials Inc

2710 Wycliff Rd
RALEIGH   NC   27607
P: +1919.7814550
F: +1919.7834535

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