Cement News tagged under: Jamaica
Caribbean Cement posts flat 1Q profit06 May 2022, Published under Cement NewsCaribbean Cement Co Ltd in Jamaica has reported a flat profit for its 1Q22 but views the future with optimism. In the January-March 2022 quarter, Caribbean Cement saw a profit of JMD1.59bn (US$10.3m) on a revenue of JMD6.8bn, compared to a profit of JMD1.53bn on JMD5.97bn a year earlier. "CCC remains encouraged about the future, especially given the recent actions by the Government of Jamaica to remove curfews and fully reopen the economy. The company is also heartened by the strong ceme... |
Caribbean Cement to launch Vertua-certified cement07 February 2022, Published under Cement NewsCemex -owned Caribbean Cement Co will be launching its newly co-branded Vertua-certified cement to support the reduction in carbon emissions by 40 per cent by 2030. “Vertua is a brand that CEMEX worldwide has selected to put on all the low-carbon cement — it's an umbrella, it's a branding. We have a product that has already qualified as Vertua. Every bag you see out there that carries Carib Cement or Carib Cement plus is a low-carbon product,” said the company’s Managing Director, Yago ... |
Caribbean Cement to pay 2% royalty fees to Cemex31 January 2022, Published under Cement NewsFollowing shareholder approval Caribbean CementCo Ltd will pay two per cent royalties to its parent company Cemex from January 2022. The agreed fee is equivalent to two per cent of net sales, half of the cap initially telegraphed to shareholders. Caribbean Cement said in a statement that since 2017, when Cemex assumed majority control of Caribbean Cement, the plant at Rockfort has relied on Cemex's global expertise, including its safety management systems that resulted in the reduction of... |
Caribbean Cement Co provides solution for Riverton waste tyres30 December 2021, Published under Cement NewsMore than 2m used tyres will be removed from the Riverton City disposal site in St Andrew, Jamaica, as part of a 10-year project, which is expected to be expanded to other refuse disposal sites across the island. The tyres will provide fuel for the kilns of the Caribbean Cement Co Ltd as part of the National Programme for the Environmentally Sound Management of End-of-Life Pneumatic Tyres, a project with the Jamaican government. Over 8700 tyres have already been taken from the Riverton fac... |
WT to import 50,000t of cement into Jamaica13 October 2021, Published under Cement NewsJamaica’s Ministry of Industry, Investment and Commerce has granted an import licence to WT Ltd, which trades under the name of Growth Tech Special Projects. The licence enables WT to import 50,000t of OPC in several shipments from Turkey. WT Ltd is a company founded by Garth Walker, Ryan Reid and Neil Lawrence in 2017. It aims to be the island’s third cement importer. Cement is currently imported by Cemex-owned Caribbean Cement Co and The Buying House Cement Ltd. |
Buying House Cement could fill Jamaican cement shortages10 August 2021, Published under Cement NewsJamaica's Government is being asked to consider alternative cement suppliers to Caribbean Cement (Cemex group) becaue of recent shortages on the island, which CemNet first reported in May . For the last 15 years, Montego Bay company Buying House Cement has been importing the product to meet 10 per cent of Jamaica’s cement demand from the Domicem cement plant in the Dominican Republic. Mark Hart, chairman of Cargo Handlers, a publicly-listed company with 30 per cent shares in Buyi... |
Cemex to expand capacity at its Rockfort plant by 30%06 August 2021, Published under Cement NewsCemex plans to upgrade and increase the production capacity by 30 per cent of its Rockfort cement plant in Jamaica. This planned increase would strengthen the self-sufficiency of the national cement industry, reduce dependency on cement imports and reinforce CCCL’s ability to serve the growth of the construction sector in Jamaica and the Caribbean. Cemex anticipates that once this planned expansion is finished, CCCL will increase its existing cement production capacity by approximately... |
Caribbean Cement triples 1H profit02 August 2021, Published under Cement NewsCaribbean Cement’s profit for the first half of 2021 has tripled to JMD3bn (US$19.3m) from JMD1bn in the 1H20, on the back of stronger domestic demand. The company’s revenues increased 32 per cent YoY to JMD12.3bn. The increase in revenues and the improved efficiency in terms of operating cost control have been key in achieving the 1H21 results. |
Caribbean Cement signs MoU for tyre usage24 June 2021, Published under Cement NewsThe Jamaican government has signed a Memorandum of Understanding with Caribbean Cement Co for the usage of end-of-life pneumatic tyres. The company will take used tyres from landfills and convert them into an alternative fuel. Prime Minister Andrew Holness noted that more than 2m used tyres are generated in Jamaica per year and landfills receive approximately 185,700 tyres per year. Caribbean Cement's Managing Director, Yago Castro, stated that the agreement symbolises the continuation ... |
Caribbean Cement sees sales rise 31%07 June 2021, Published under Cement NewsJamaica’s Caribbean Cement Ltd has posted a 31 per cent YoY increase in sales to JMD5.97bn (US$40.15m) for the first quarter of 2021. Net profit also surged 216 per cent to JMD1.53bn, already representing 48 per cent of 2020’s full-year total, according to the Jamaica Observer. The company also set a new production record of 100,000t of cement in March. The rise in figures comes as the country records a strong performance from the construction sector across the board. |