ⓘ About this map

Cement & Aggregates: the Concrete Supply Chain

Cement is a low-tech product protected by the one thing that cannot be outsourced: the cost of moving it.

Aggregates are heavy, cheap per ton, and uneconomic to haul far. That single fact turns a boring product into a set of regional monopolies.

Own the crushed-stone quarry nearest a growing city and you have pricing power a software company would envy, with none of the competition. That is the entire case behind Vulcan Materials and Martin Marietta, and it does not change with the cycle.

The map runs from the rock up through cement to the majors — Vulcan, Martin Marietta, CRH, Cemex, Holcim, Heidelberg, Eagle. Some are pure US aggregates. Some are global cement with very different exposures. Diesel, housing starts and infrastructure budgets move this group. The broader market mostly does not.

Companies & entities in this map

Heidelberg Materials (Lehigh Hanson), CRH / Ash Grove, Amrize (ex-Holcim US), Buzzi Unicem USA, Cemex, Eagle Materials, Titan America, Quikrete (ex-Summit / Argos / Continental), GCC of America, CalPortland (Taiheiyo), Mitsubishi Cement, National Cement (Vicat), Drake Cement (Unacem), Salt River / Phoenix Cement, Monarch Cement, Keystone / Giant Cement, Vulcan Materials, Martin Marietta, Arcosa, Knife River, HEI, Union Bridge, Mitchell, Mason City, Permanente (Cupertino), Tehachapi, Redding, Leeds (Roberta), Glens Falls, Cementon (Catskill), Nazareth (Lehigh Valley), York (White), Waco, CRH, Foreman, Chanute, Louisville, Durkee, Inkom, Montana City, Seattle, Leamington, AMRZ, Ste. Genevieve, Hagerstown, Holly Hill, Theodore, Midlothian, Florence / Portland, Devil's Slide, Trident, Ada, Dundee, BUZZI, Stockertown, Cape Girardeau, Selma (Festus), Greencastle, Chattanooga, Pryor, Maryneal, San Antonio, Oglesby, Brooksville, Balcones (New Braunfels), Odessa, Victorville, Kosmosdale (Louisville), Clinchfield, Demopolis, Miami (FEC), EAGLE, LaSalle, Sugar Creek, Buda, Fairborn, Laramie (Mountain), Fernley (Nevada), Tulsa, TITAN, Roanoke (Troutville), Pennsuco (Medley), QUIK, Hannibal (Continental), Newberry (Argos), Harleyville (Argos), Martinsburg (Argos), GCC, Pueblo, Rapid City

Muad'Dib Capital, the Atlas of the Physical Economy. For information only — not investment advice. Company lists are representative selections curated from public sources.

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CEMENT & AGGREGATES › HOW FAR THEY DELIVER

ALL CEMENT PLANTS AGGREGATES

v0.1 · —

Delivery reach (max economic haul)
◯ Cement plant ≈ 150 mi (rail/barge)
◯ Aggregate quarry ≈ 55 mi (truck)
◯ Ready-mix ≈ 25 mi (90-min pour)
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