Infrastructure: North American Cement and Aggregates Producers Review
Going though key operating Indicators and valuations of North American peers to Monarch Cement i.e. producers of cement and aggregates: Vulcan, Martin Marietta, CRH, Summit Materials
In the last article, I went over Monarch cement’s impressive operating performance in the last 10 years. The industry as a whole is benefiting from a strong tailwind in renewed demand for infrastructure materials and in contrast to other commodities, aggregates and cements must be produced locally due to the relative importance of the transport cost versus the commodity cost. This industry is capacity constraint due to the though environmental regulations and the local political refusal to build de novo sites (not in my backward phenomenon). As such this industry benefits from strong pricing as demand increases.
The article constitutes my personal views and is for entertainment purposes only. The main goal of this article is to log my personal views. Nothing in this article or these posts in this blog should constitute an investment advice. The projections and estimates provided here should be considered as purely speculative. Do your own model and projections. Please refer to the d…