Martin Marietta posts record Q3 sales despite declines in magnesia
Published: Wednesday, 04 November 2015
As Martin Marietta’s magnesia specialities business operates at capacity, the segment is particularly sensitive to fluctuations in the steel sector, which is down 8% compared with 2014 figures. The company’s aggregates business meanwhile posted strong sales increases owing to a recovery in the construction sector.
US aggregates and heavy building materials company Martin
Marietta posted record net sales of just over $1bn for the
third quarter of 2015, up from $917.9m in Q3 2014. This was
despite a drop in magnesia specialities sales as a result of
the slowdown in the steel sector.