Amman: Lafarge Jordan Cement has announced a net consolidated profit of JD33.8 million after tax for 2024, a significant turnaround from JD1.5 million in 2023. The sharp increase is attributed to the successful implementation of the company’s restructuring plan following its insolvency process.
According to Jordan News Agency, “These results underscore the success of the company’s reorganization plan, demonstrating its ability to recover and move towards a more stable and growing future,” CEO Samaan Samaan said in a statement. Lafarge Jordan aims to strengthen its market position by introducing new products and integrated marketing services that meet customer needs and enhance the user experience.
Samaan also noted that the company is working on improving product quality, expanding its portfolio, and offering innovative building solutions that support sustainability and efficiency in the construction sector. He explained that Lafarge Jordan has adopted a multi-year growth strategy, featuring short-term plans to enhance financial and operational performance as well as long-term initiatives to expand its business and introduce new market-driven solutions.
This strategy, he added, is based on a well-structured approach that takes into account market shifts and global trends in the construction industry, enabling the company to continue delivering added value to customers and shareholders alike. Lafarge Jordan is also committed to investing in modern technology and innovation in cement and concrete manufacturing, which will allow the company to offer more sustainable and efficient products.
Samaan emphasized that the company has a clear vision for the future of the construction sector in Jordan, ensuring its continued leadership in providing advanced and eco-friendly building solutions.