INFRASTRUCTURE · NYSE/LSE
World's largest building materials co. Pipeline infrastructure buildout to bypass maritime chokepoints. Defence base construction. BARELY MOVED.
Irish/US construction materials major. Reconstruction beneficiary alongside Holcim. Already deeply exposed to European infrastructure cycle through the existing portfolio. Reconstruction-spend is the second-largest thesis layer in the model after defence; CRH is the cleanest US-listed way to access it.
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