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/
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