Profile: Martin Marietta Materials Inc (MLM)
24 Apr 2015
Martin Marietta Materials, Inc., incorporated on November 12, 1993, is the producer of aggregates products (crushed stone, sand, and gravel) for the construction industry, including infrastructure, nonresidential, residential, railroad ballast, agricultural and chemical grade stone used in environmental applications. The Company operates its business through segments, which include the Mideast Group, Southeast Group and West Group and the Cement and Specialty Products segment. The Specialty Products segment includes the magnesia-based chemicals and dolomitic lime businesses.
The Company’s aggregates business also includes asphalt products, ready mixed concrete, and road paving operations. The Company also has a Specialty Products segment that manufactures and markets magnesia-based chemical products used in industrial, agricultural, and environmental applications and dolomitic lime sold primarily to customers in the steel industry.
The Aggregates business mines, processes and sells granite, limestone, sand, gravel, and other aggregate products for use in all sectors of the public infrastructure, nonresidential and residential construction industries, as well as agriculture, railroad ballast, chemical and other uses. The Aggregates business also includes the operation of other construction materials businesses. These businesses, located in the West Group, were acquired through continued selective vertical integration by the Company, and include asphalt, ready mixed concrete, and road paving operations in Arkansas, Colorado, and Texas.
During the fiscal year ended September 30, 2014, the Company’s Aggregates business shipped and delivered aggregates, asphalt products, and ready mixed concrete from a network of approximately 420 quarries, underground mines, distribution facilities, and plants to customers in 30 states, Canada, the Bahamas and the Caribbean Islands. The Aggregates business’ products are used by commercial customers principally in construction of highways and other infrastructure projects and for nonresidential and residential building development. Aggregates products are also used in the railroad, agricultural, utility and environmental industries.
Cement and Specialty Products Business
The Cement business produces Portland and specialty cements, such as masonry and oil well cements. Cement is used in infrastructure projects, nonresidential and residential construction, and the railroad, agricultural, utility and environmental industries. The production facilities are located in Midlothian, Texas, south of Dallas or Fort Worth; Hunter, Texas, between Austin and San Antonio, and Oro Grande, California. The limestone reserves used as a raw material are located on property, owned by the Corporation. The Corporation also operates a cement terminal and packaging facility at the Crestmore plant near Riverside, California and operates its Portland cement grinding facility on an as needed basis.
The cement facilities have total annual capacity of 6.6 million tons. In addition to the manufacturing and packaging facilities, the Corporation operates eight cement distribution terminals. The Company manufactures and markets, through its Specialty Products 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 varying uses, including flame retardants, wastewater treatment, pulp and paper production and other environmental applications.
Martin Marietta Materials Inc
2710 Wycliff Rd
RALEIGH NC 27607