Monarch Cement reports rising cement sales
Published by Jonathan Rowland,
Editor
World Cement,
The Monarch Cement Co., a Kansas-based cement producer, reported sales from its cement business up in 2Q17. According to its latest SEC Filing, the company recorded US$28.2 million in total net sales from its cement business, compared to US$26.9 million in 2016.
The results include both sales to unaffiliated customers, as well as inter-company sales.
For the first six months of the year, Monarch reported total net sales of US$48.4 million from its cement business, compared to US$44.0 million in 1H16.
The company supplies its cement primarily to Kansas, Iowa, southeast Nebraska, western Missouri, northwest Arkensas, and northern Oklahoma. Monarch also produces and suppliers ready-mixed concrete, concrete products, and other building materials.
Overall, the company reported consolidated net sales for US$45.6 million in 2Q17, only slightly higher than the US$45.1 million reported in the same period last year, as a fall in sales in the ready-mixed concrete business offset the gains made from Monarch’s cement sales.
1H17 consolidated sales were US$76.8 million, compared to US$74.7 million in 1H16.
Monarch’s cement plant in Humboldt, Kansas, is one of two in the state, the other being Ash Grove’s Chanute plant.
Read the article online at: https://www.worldcement.com/the-americas/12092017/monarch-cement-reports-rising-cement-sales/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.
