Government to tackle Carib Cement over price hike

Government to tackle Carib Cement over price hike
Published: 26 July 2006

Industry and Commerce Minister, Phillip Paulwell, and Finance Minister, Dr. Omar Davies, are to tackle Caribbean Cement Company Limited over its latest round of price increases.

Information Minister Colin Campbell disclosed Monday that members of the Cabinet expressed dismay at the timing of the increases so quickly on the heels of the recent cement crisis.

The issue of whether this increase would affect the price of cement imported from Cuba will also be discussed at that meeting.

And, Caribbean Cement is defending its decision to increase prices. General Manager Anthony Haynes, says the adjustment is justifiable.

The price of cement was increased by 15 per cent on Monday.