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).