Caribbean Cement announces price increase

Caribbean Cement Co of Jamaica has announced an increase in the price for cement, effective Monday.

In a release published by the Jamaica Gleaner, Carib Cement said the price of its most popular product, Carib Cement Plus, will be increased by JMD38 in addition to General Consumption Tax (GCT).

It says the price of its other cement products will also be increased.

The company added that after three years without a price increase, the devaluation of the Jamaican dollar and increases in fuel prices have forced it to adjust cement prices.