First shipment of Carib cement goes to Dominican Republic
Caribbean Cement Company Limited (CCC), in a move to expand to markets in the region, has shipped its first batch of 2500t of cement to the Dominican Republic and later signed an agreement to set up warehouse space and a distribution and packaging unit in Haiti to take advantage of the rebuilding of the country following the January 2010 earthquake in that nation.
It is seeking to consolidate its position in Haiti to which it had already been exporting cement since 2008.
Anthony Haynes, CCC general manager, said the company’s foray into the Dominican Republic market was being made in a context where the search for new markets outside of Jamaica became more urgent with the completion, in August 2009, of the US$170m Rockfort, Kingston plant upgrading and modernisation project, which boosted CCC’s capacity to 1Mt of cement.
Haynes said the Dominican Republic is considered to be among the most lucrative in the region and Caribbean Cement’s intention is to gain 10 per cent of that market. This would result in a 78 per cent improvement in total exports for the cement manufacturer, which exported 192,500t last year, doubling the amount shipped in 2009. (Edited report from the Gleaner, Jamaica). Published under Cement News
