Cement News tagged under: Martin Marietta

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CalPortland acquires Redding cement plant

05 July 2022, Published under Cement News

CalPortland has purchased the Redding cement plant and other assets from Martin Marietta Materials Inc. In addition to the Redding cement plant in northern California, the assets include related cement distribution terminals and 14 ready-mixed concrete plants located in California. “We are pleased to welcome the new employees and related facilities to the CalPortland family,” said Allen Hamblen, president/CEO, CalPortland Co. “These assets will serve an important role in continuing CalPor...

Martin Marietta sees record revenue in 1Q22

04 May 2022, Published under Cement News

Martin Marietta’s building materials business has reported record 1Q22 products and services revenues of US$1077m, up 25.7 per cent YoY. According to the company, across all end-use markets, the business saw healthy underlying demand with price increases in all product lines.   Texas cement shipments advanced by 10 per cent YoY during the quarter, supported by robust product demand and tight supply throughout the Texas Triangle. Pricing increased by 11.8 per cent, benefiting from the carr...

Martin Marietta thrives going west

05 November 2021, Published under Cement News

This week, Martin Marietta, USA, released its third-quarter 2021 results with its Building Material business segment achieving a record US$1.39bn of revenues for the period. ICR looks at what is helping the company break records and how it is evolving its business model to favour future growth opportunities. Martin Marietta is set up as an aggregates-led building materials company. It is the market leader or in second place in 90 per cent of US aggregate markets, having bolstered its operat...

Martin Marietta sets record revenues in 3Q21

03 November 2021, Published under Cement News

Martin Marietta Materials Inc reported results for the third quarter ended 30 September 2021, achieving record consolidated products and services revenues of US$1.463bn, versus US$1.241bn in 2020. The building materials business produced record products and services revenues of US$1,390.8m, a 17.3 per cent increase, and record product gross profit of US$413.1m, a 7.9 per cent rise.   Cement shipments increased 4.1 per cent, benefitting from robust construction activity throughout...

What's behind Lehigh Hanson's divestment of its west region assets?

28 May 2021, Published under Cement News

HeidelbergCement Group made a significant announcement this week about the sale of several business activities in the US west region, under Lehigh Hanson's control, to US-based Martin Marietta Materials Inc. The transaction includes the sale of two cement plants, distribution terminals and activities in 17 aggregate sites and asphalt in the states of California, Arizona, Oregon and Nevada. Dr Dominik von Achten, chairman of the Managing Board of HeidelbergCement, said: "The sale of our US...

Martin Marietta reports 1H cement gross profit up 26%

29 July 2020, Published under Cement News

US-based building materials producer Martin Marietta posted total revenues of US$1.27bn in the 2Q20, representing a marginal decline from US$1.28bn in the 2Q19. However, the company’s gross profit increased 6.6 per cent from US$356.9m in the 2Q19 to US$380.5m one year later while earnings from operations advanced 7.2 per cent from US$285.9m to US$306.4m during the same period. Net earnings attributable to Martin Marietta were up 14.8 per cent to US$217.6m in the 2Q20 from US$189.5m in the ...

LafargeHolcim appoints new CEO of US Aggregates and Construction Materials business

11 February 2019, Published under Cement News

LafargeHolcim has announced the appointment of Jay Moreau as the new CEO of its US Aggregates and Construction Materials business. Mr Moreau joins the company from Martin Marietta, where he most recently served as senior vice president of Operations Services. "Jay has a proven track record in this industry, and his expertise and strong focus on commercial growth and operational excellence will be valued contributions to LafargeHolcim in the US," said René Thibault, group executive committe...

Martin Marietta Materials reports double-digit 3Q growth

07 November 2018, Published under Cement News

Martin Marietta Materials’ nine-month turnover improved by 7.6 per cent to US$3224m and increased turnover by 12.1 per cent to US$1219.6m in the third quarter of 2018. EBITDA advanced by 15.1 per cent to US$349m. The trading profit only improved by six per cent to US$240.7m, the net attributable profit rose by 18.9 per cent to US$180.2m. The aggregates turnover increased by 9.8 per cent to US$1778.1m in the first nine months, while the third quarter showed a 16.5 per cent advance to US$68...

CRH

02 August 2018, Published under Cement News

CRH America has sold its Mallard Sand & Gravel operation in Omaha, Nebraska, to Martin Marietta Materials. The disposal was required as a result of the acquisition of Ash Grove Cement Company.

Martin Marietta's cement revenues rise 14% in 2Q18

27 July 2018, Published under Cement News

Martin Marietta's 2Q18 cement product revenues increased 14.4 per cent and gross profit by 40.6 per cent. Shipments and pricing improved 11.6 and 2.6 per cent, respectively, reflecting the strong underlying market conditions throughout Texas. These factors, coupled with increased production efficiencies, led to a product gross margin of 36.5 per cent, reported Martin Marietta. Inclusive of acquired operations, aggregates product revenues increased 15.1 per cent for the quarter, refle...