TCL to boost capacity

TCL to boost capacity
Published: 15 April 2004

Trinidad Cement (TCL) posted revenues of 1.2bn Trinidadian dollars (US$195m) in 2003, a 2.1 per cent increase from 2002, the company said in a statement.  Operating profit was US$43m, up 7.0 per cent from the previous year and pre-tax profits increased by 8.1 per cent to US$28m, while net profit increased by 2.5 per cent to US$19.7m for the period.  This year the group has begun a capacity upgrade project for its plants in Trinidad and Jamaica estimated at US$120m, funded through a combination of internally generated resources and external financing, the company statement said.  Trinidad and Tobago-based TCL also exports cement to St Martin, St Kitts, Anguilla, Nevis, St Lucia, St Vincent, Grenada, Suriname and Guyana.