Carib Cement to import cement

Carib Cement to import cement
Published: 25 November 2005

The management of Caribbean Cement Company has confirmed that it will be importing cement over the next four months in order to address the chronic shortage of the product on the local market. At a press conference Thursday morning, General Manager of the company, Anthony Haynes said 40,000t of cement will have to be imported. He says 16,000t will be imported next month and the balance in the first quarter of next year. Mr. Haynes says the cement will be imported from Barbados. He explained that the added costs from import tariffs will not be passed on to consumers. However, the company’s management is again indicating that the price of cement will increase as a result of increased production costs. Haynes says the price hike will take place when production levels return to normal.