Cement News tagged under: Guyana

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TCL Group plans delisting

24 June 2015, Published under Cement News

In the midst of a major debt restructuring exercise, Trinidad Cement Ltd (TCL) has announced that it could delist from the Barbados Stock Exchange (BSE), the Eastern Caribbean Securities Exchange (ECSE) and the Guyana Association of Securities Companies and Intermediaries Inc (GASCI) following its annual shareholders meeting next month. In a notice last week, the Caribbean-based company said that a continued listing on the three regional stock exchanges was “not economically feasible”. ...

Guyana’s first integrated plant officially opened

16 December 2014, Published under Cement News

Caricom Cement Company Inc has officially opened the first cement plant in Guyana in the presence of Prime Minister Samuel Hinds. The plant, situated in Everton, East Bank Berbice, has a capacity of 0.5Mta and is located in the same compound as Caricom Cement’s bagging facility. Also in attendance during the opening ceremony, which took place on 13 December 2014, were Irfaan Ali, Minister of Tourism, Industry and Commerce; David Armogan, chairman of Region Six; Roshan Habbibullah, CEO of ...

TCL second-quarter revenue up 9%

20 August 2014, Published under Cement News

Trinidad Cement Ltd (TCL) saw second-quarter revenue rise by nine per cent to TTD560m (US$88.3m) as demand remained strong in key markets. EBITDA and non-recurring charges climbed 16 per cent YoY to TTD132.2m in the quarter under review. For the first half year of 2014, revenue increased by TTD79.5m or eight per cent whilst EBITDA and non-recurring charges remained flat at TTD232.2m compared with the first half of 2013. Earnings during the first six months of this year were negatively impa...

Trinidad Cement Ltd 1Q13 boosted by higher sales volumes and prices

13 May 2013, Published under Cement News

For the first quarter of 2013, Trinidad Cement Ltd recorded EBITDA of JMD114.2m (US$1.16m), reflecting a significant improvement over the first quarter of the previous year and 74 per cent of the total EBITDA achieved throughout 2012. Revenue for the quarter increased by JMD117m compared with the prior year as a result of higher cement sales volumes, the group said in a statement. Volumes were up YoY by 52 and 29 per cent  in the markets of Trinidad and Tobago and Jamaica, respectively, w...

Dominican Republic exports increase

07 August 2012, Published under Cement News

The Dominican Association of Portland Cement Manufacturers (Adocem) said today that so far this year, cement exports to other markets increased by 34.2 per cent over the same period last year. Adocem data shows that from January to June, industry sales abroad were 703,000t while last year they rose to 524,000t. According to the report, the Dominican cement industry annually exports about 35 per cent of its production, which accounts for about US$120m of foreign currency entering the co...

Guyana: consumers urged not to buy cement at inflated prices

03 May 2012, Published under Cement News

Acting Commerce Minister Irfaan Ali is advising consumers not the pay the increase in what he has described as extremely inflated prices for cement in Guyana. According to the minister a price of GYD1395 (US$6.90) has been agreed upon for the retailing of this commodity and any distributor selling above this will be prosecuted. Speaking at a press conference held in light of the recent increase in cement prices on Wednesday, Irfaan Ali said there has been no increase in cement prices f...