Cement News tagged under: Arawak Cement

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Rock Hard Cement wins classification ruling

07 August 2019, Published under Cement News

Barbados-based Rock Hard Cement Ltd has won a final court ruling regarding the classification of its cement and therefore its related tariff. "Today’s judgment settled the dispute as to whether Rock Hard Cement ought to be classified as ‘Building cement (grey)’ and be charged a CARICOM tax of 15 per cent when imported into the region, or as ‘Other hydraulic cement’ in which case a levy of 0-5 per cent would be payable," said the Caribbean Court of Justice (CCJ) in a statement.  Earlier...

Rock Hard Cement loses import tariff judgement

19 December 2018, Published under Cement News

The Caribbean Court of Justice (CCJ) has ruled in favour of Trinidad Cement Ltd (TCL) and Arawak Cement Ltd over their dispute with importer Rock Hard Cement to have the tariff remain at 60 per cent for imported hydraulic cement to Barbados, rather than being lowered to five per cent. The court is still to determine the classification guidelines for hydraulic cement that Rock Cement imports for its local operations in Barbados.

TCL and Arawak Cement seek redress over reduced import tariffs

16 May 2018, Published under Cement News

Trinidad Cement Ltd (TCL) and its Barbados-based subsidiary Arawak Cement Ltd are reported to have filed legal action against the Government of Barbados, accusing it of breaking the Caribbean Community (CARICOM) single market and economy, according to Barbados Today. Barbados Labour Party (BLP) leader, Mia Mottley, explained that the lawsuit was lodged last Friday with the Trinidad-based Caribbean Court of Justice (CCJ). "These people are going in the original jurisdiction against the G...

Barbados: Arawak Cement redundancies

19 October 2016, Published under Cement News

Arawak Cement Co, St Lucy, Barbados, have formally offered its staff voluntary separation packages as part of a financial and operational restructuring programme that was first put into action October 2015. The company issued a statement last month explaining that the separation packages would be offered as the first phase of restructuring had not yielded the necessary results. The company statement read, ““This is due to the unfavourable economic conditions globally and in the region, th...

Changes to Arawak Cement Co's executive board, Barbados

11 January 2016, Published under Cement News

Rupert Greene has resigned from his position as general manager of Arawak Cement Co Ltd (ACCL), effective 31 December 2015. ACCL, a wholly-owned subsidiary of the Trinidad Cement Ltd (TCL), is the only cement producer on Barbados with a 0.36Mta capacity at Checker Hall, St Lucy. Manuel Toro has been assigned to assume the position of general manager of ACCL, as of 1 January 2016. Mr Greene will continue with the TCL Group as a consultant for the following six-month period.

Arawak Cement’s future hangs in the balance

08 June 2015, Published under Cement News

Some 200 employees of Arawak Cement plant await the decision of a high-level team from parent company Trinidad Cement Limited (TCL) on the future of the cement plant on based in St Lucy in Barbados. TCL chairman, Wilfred Espinet, confirmed that after the parent company’s shareholders’ annual general meeting in July, the board of directors and TCL management will focus on Arawak. Espinet explained that after successful negotiations with creditors, the company was able to pay off its debts w...