TCL to adjust domestic, international prices

TCL to adjust domestic, international prices
Published: 14 August 2008

Trinidad & Tobago cement manufacturer Trinidad Cement Limited (TCL) will introduce a new price structure starting September 1, paper Trinidad Express reported.
Prices will be adjusted 6.5% for the local market and 12% for the export market to counter substantial increases in production costs related to raw materials, spares, fuel and freight, the report said.
Over the last year, the cost of clinker cement has risen 22%, reflecting increased energy prices of approximately 50%.
At the same time, spares such as steel balls and chains have gone up 37% and 20%, respectively, while freight on the importation of major raw materials has increased an average of 32%, the information said.