Caribbean Cement Company Limited says it has coverage in place in the event that it’s slapped with lawsuits arising from its recent product recall. A statement from its parent company Trinidad Cement Limited, TCL, says product liability insurance is in place to address valid financial claims. TCL says a team comprising in-house personnel and independent consultants is investigating all reports of losses due to inferior quality cement released from its Rockfort Plant.
The Incorporated Masterbuilders Association of Jamaica, IMAJ, has already warned that some of its members are preparing to sue the company. The Association says contractors are struggling with major cost overruns on projects which have stalled because of the problems at Caribbean Cement. In the meantime, National Housing Trust construction projects have also been affected by the cement crisis. NHT Managing Director Earl Samuels says cement related work has been suspended on all projects.
