Cement News tagged under: Caribbean Cement Company

RSS feed

Caribbean Cement announces price increase

23 June 2017, Published under Cement News

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 fue...

Caribbean Cement to upgrade packaging equipment

13 April 2017, Published under Cement News

Caribbean Cement Company has said that equipment upgrades required in the packing area will be undertaken over the weekend. The work will improve efficiency and consistent packaging of the company’s products. Hardware merchants and dealers last week reported that they were unable to meet demand because of a lack of supply from the cement producer. Corporate Communication and Public Relations Manager, Sophia Lowe Pinnock, explained that the lack of delivery related to an issue in the pl...

Jamaica: CCC joins greenhouse initiative

31 January 2017, Published under Cement News

State Minister of the Ministry of National Security, Pearnel Charles Jr, has praised the Caribbean Cement Company (CCC) for partnering with the Department of Corrections (DCS) to establish a greenhouse project at the Tamarind Farm Adult Correctional Centre. "The use of greenhouse technology at Tamarind Farm is a significant milestone in our efforts to enhance rehabilitation through skills training, and advance the production of quality crops," said Mr Charles.

Jamaica: Caribbean Cement Co fire

18 January 2017, Published under Cement News

Caribbean Cement Company (CCC) reported a fire at its administrative office on Monday, 16 January 2017. “The incident did not affect production and will not affect our ability to supply cement to the trade and our valued customers. Our customers’ trucks continue to be loaded and the incident has not disrupted supply,” a statement from the Rockfort, Kingston, company said.

Jamaica: Caribbean Cement new GM and quarterly results

07 November 2016, Published under Cement News

Peter Donkersloot Ponce will replace Alejandro Vares Leal as Caribbean Cement Company’s (CCC) general manager, effective 7 November 2016. Mr Leal is leaving the company to accept the position of vice president of infrastructure and government sales at Cemex Mexico. Cemex is the top shareholder in CCC’s parent company, Trinidad Cement Ltd. Mr Ponce has over 10 years’ experience in the industry, having held key positions in four countries in commercial areas, strategic planning and general ...

Caribbean Cement posts Q3 loss of US$0.63m

04 November 2016, Published under Cement News

Jamaica-based Caribbean Cement Company has posted a third-quarter loss of JMD81m (US$0.63m), reports the Gleaner newspaper. In a statement, the firm said: "During the reporting quarter, the company embarked on a major kiln overhaul which lasted 45 days and impacted the income statement by US$7.5m (JMD970m). Along with the capital expenditure of JMD622m invested this quarter, this is expected to lead to an improved operational efficiency and reliability of the plant. “"Other factors imp...

Caribbean Cement Co invests US$5.5m to double output

26 September 2016, Published under Cement News

Following a US$5.5m investment to increase its capacity, Caribbean Cement Co Ltd has promised its customers that the restricted supply of its cement on the market will be rectified within 72h. The company noted that there had been reports of a flitch in the supply chain to local markets, but this has since been addressed and normal delivery times and volumes have been restored. A statement from Caribbean Cement read, “In recent months the company has embarked on a JAD700m (or US$5.5m) ove...

Caribbean Cement 1Q16 revenue up but exports down 53%

28 April 2016, Published under Cement News

Caribbean Cement Limited (CCL) reported that, on the back of an increase in domestic sales, 1Q16 total revenue increased by 11 per cent or US$398m to US$3.98bn over the previous year, when they reached US$3.58bn. However, in the 1Q16 the company also noted declines in exported cement and clinker sales volumes of 53 per cent and 56 per cent respectively, said the Jamaican Observer. In March CCL introduced a 1.5 per cent discount on all cash purchases, adding to a 0.5 per cent discount t...

Jamaica: CCCL posts higher full-year earnings

03 March 2016, Published under Cement News

Caribbean Cement Co Ltd (CCCL) posted JMD1.54bn (US$12.7m) in earnings for year ending December 2015, compared to the JMD139m a year earlier. The increase by the Jamaica-based producer, part of the TCL Group, comes despite big severance payouts. The separation of some former managers and voluntary redundancies late last year cost CCCL JMD436m. Among these, Anthony Haynes, who resigned from office as general manager last April to make room for Alejandro Varés as the new head, was the most ...

Caribbean Cement Co swings to first-half profit, Jamaica

23 July 2015, Published under Cement News

Caribbean Cement Co Ltd (CCCL) reported a consolidated profit of JMD869.3m (US$7.42m) for the first six months of 2015, compared to a loss of JMD53.2m in the corresponding period of 2014 – an improvement of JMD922m. The TCL group company said revenue during the first half of this year rose by four per cent (or JMD276m) over the period, mainly driven by improved domestic sales volumes and increased clinker exports which compensated for the decline in cement exports. EBITDA increased by JMD8...