Martin Marietta Magnesia Specialties, LLC Overview
Company Headquarters: North Carolina, US
Founded: 1993
Workforce: ~8,800
Company Working: Martin Marietta Materials, LLC (Martin Marietta) produces and distributes high-purity magnesium hydroxide and dolomitic lime used worldwide in environmental, industrial, agricultural, and specialty chemical applications. It operates through Mid-America Group, Southeast Group, West Group, Materials Business, and Magnesia Specialties. The company offers magnesium hydroxide through its magnesia specialties segment. Its MagChem product line offers magnesium hydroxide used in leather tanning, drilling fluids, cement, and mining applications. Further, it is a leading supplier of aggregates and heavy side building materials used in infrastructure, nonresidential, and residential construction projects. It has operations in 27 states of the US, have two magnesia specialty chemical plants, nine asphalt plants, and two cement plants.
Strategy
Martin Marietta has implemented a strategic planning process Strategic Operating Analysis and Review (SOAR) and continues to focus on capital allocation priorities to maximize long-term shareholder value. Moreover, it aims at entering new domestic markets by acquisitions to complement existing operations and divestitures of assets that are not consistent with assigned strategic goals.
