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  • 22/09/2016
    Aggregates price-setter Martin Marietta to benefit from US infrastructure spend
    Mark Sherlock, CFA
    Mark Sherlock, Lead Portfolio Manager of the Hermes US SMID Equity Fund at Hermes Investment Management, believes aggregates giant Martin Marietta Materials exhibits consistently strong pricing power and is well-placed to benefit from greater infrastructure spending in the US following years of under-investment in the nation’s highways, making it an attractive long-term holding. Pricing power Martin Marietta is the second-largest aggregates and heavy building materials company in the US. The firm makes materials used for roads, footpaths and building foundations and has operations in 26 US states, Canada and the Caribbean.