Displaying items by tag: Monarch Cement

US: Monarch Cement and Evergy Energy Solutions plan to build a 20MW solar project in Humboldt, Kansas. The project is scheduled to commence in early 2024, and will serve as a ‘benchmark for integrating renewable energy in business operations,’ according to the partners.

Monarch Cement president Kent Webber said “The board of directors and management of Monarch Cement are extremely excited about this win-win venture, where we are making a giant movement toward achieving our 2050 carbon neutrality goals, being socially responsible and providing a more than significant return on investment to our shareholders." He added "Evergy Energy Solutions has done an incredible job of leading and providing solutions at every obstacle. We couldn't be happier with Evergy Energy Solutions’ performance, professionalism and command of the subject."

Canada/US: Illumiti has completed the first two phases of the deployment of SAP® Business Suite 4 SAP HANA® (SAP S/4HANA) for Monarch Cement. The business operation software suite designed to help companies run their business operations.

"We are very pleased to be implementing SAP S/4HANA and excited about the efficiencies it will bring to our operations over the longer term," said Karen Jarred, Monarch Cement's IT director. "One of the main reasons that we chose SAP S/4HANA was its ability to empower our management team by providing them with easy access to the information they need, when they need it." SAP S/4HANA is intended to provide a single business platform that will allow Monarch greater control of its operations in a scalable secure fashion.

The final phase of the implementation project is planned for completion in early April 2016 and will include finance/controlling and material management components.

US: On 7 December 2012, The Monarch Cement Company elected Steve Sloan to serve on the board effective immediately to fill the unexpired term of independent director Richard N Nixon, whose resignation was effective 31 October 2012.

Sloan, aged 51, moves to the board of the cement firm with 17 of years experience in the aggregate and ready-mixed concrete industry. He has served for many years as the President and CEO of Midwest Minerals, Inc, headquartered in Pittsburg, Kansas. His current responsibilities include oversight of the financial, production, sales and regulatory affairs of Midwest Minerals' ready-mixed concrete plant and 19 aggregate quarry operations.

Monarch said that Sloan has the experience and skills to provide exceptional insight and judgment relative to corporate governance, corporate strategy, budgeting, banking, financial reporting, administrative functions and risk management.

Sloan will be a non-employee member of the board and will participate in the board's compensation policy and practices for non-employee directors. His term as an independent Class I Director will expire at the Annual Meeting of Shareholders on 9 April 2014.