Cement News tagged under: Caribbean Cement Company

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Caribbean Cement workers protest over concerns on domestic declines

04 April 2013, Published under Cement News

Union members of the Caribbean Cement Company Ltd (CCCL) have staged a demonstration amid concerns on continued declines in the domestic cement market. The one-hour protest took place outside the company’s plant in Rockfort, Jamaica. President of the National Workers Union (NWU), Vincent Morrison, told the Jamaica Observer that the demonstration was triggered by a number of issues, including the failure of the company to address proposals made by workers to arrest declining revenues. ...

Jamaica: Caribbean Cement raises prices

31 December 2012, Published under Cement News

Caribbean Cement Company, a member of the TCL Group, has announced price increases for a bag of cement. The company said effective January 7, the prices for its packaged Carib Plus will be increased by 15.4 per cent. There is also to be slight adjustments in the prices for other products. A bag of Carib Cement OPC will be sold for JMD780 while Carib Cement plus will sell for JMD755 per bag. Carib Cement said it had to increase its prices in order to generate enough money to meet debt payme...

Caribbean Cement looks to Venezuela contract to revive sales

05 October 2012, Published under Cement News

Caribbean Cement Company Ltd (CCCL) is hoping a new supply agreement with Venezuela will revive sales but fears elections will impede the deal, according to reports in the Jamaican Gleaner. The cement supply deal is being negotiated under the crude for commodities component of the PetroCaribe agreement between Jamaica and Venezuela, which allows for part-payment of oil with goods. In June, Caribbean Cement's chairman Brian Young disclosed to shareholders that the Kingston plant hoped to beg...

Caribbean Cement outlook cautious

08 August 2012, Published under Cement News

Caribbean Cement has cut losses by some 40 per cent to J$578.1m (US$6.5m) for the second quarter of the year and has outlined plans of a new supply contract but remains cautious on its outlook. "The directors consider that the outlook will remain challenging, despite some recent positive indicators of growth in the domestic market for cement and plans for expansion into more lucrative export markets," said Brian Young, chairman, and Dr Rollin Bertrand, group chief executive officer in a j...

Caribbean Cement sees more positive outlook

11 July 2012, Published under Cement News

Caribbean Cement Company expects a more positive outlook from next year as the company finalises a debt ‘reprofiling’ plan with some of its 30 biggest creditors. The agreement has given the company some time to pay off its JMD1.95bn (US$22m) debt over five years, starting from March 2013 to December 2018. The company has posted losses for three years but expects a turnaround by January 2013. "We are not out of the woods (but) definitely our outlook is more positive," General Manager A...

Caribbean Cement Company price hiked 9.2%

01 June 2012, Published under Cement News

Caribbean Cement Company Limited has increased the price of bagged cement by 9.2 per cent, according to reports in the Jamaican Gleaner. Effective today, June 1, the ex-factory price of Carib Cement Plus will be increased from J$705 to J$761.91. The new price is inclusive of the new 16.5 per cent GCT rate. In a statement to the Jamaica Stock Exchange yesterday, Caribbean Cement advised shareholders that the rebound in sales seen towards the end of last year has not been maintained and the ...