Cement News tagged under: Jamaica
Caribbean Cement Co reports 13% 3Q revenue increase02 November 2022, Published under Cement NewsJamaica-based Caribbean Cement Co Ltd has posted robust 3Q22 results with revenues for the quarter increasing by 12.7 per cent to JMD6.2bn (US$40.3m) from JMD5.5bn in the 3Q21. Operating earnings were up to JMD1.9bn due to the reduction in the cost of sales as a share of net sales to 56 per cent from 80 per cent in the same period last year. This reduction was the result of the company’s decision not to undertake its planned major maintenance in the 3Q22. Last year, the maintenance progr... |
Caribbean sees rapid expansion for cement with construction growth16 September 2022, Published under Cement NewsThis week CEMEX announced that it has restarted its 0.5Mta kiln line at its San Pedro de Macoris plant in the Dominican Republic as part of its US$34m upgrade. While this plant will see further improvements in waste-derived fuels, additives and hydrogen technology, ICR assesses what other developments are happening in the Caribbean sector. The mood of the Dominican Republic is best captured by ADOCEM, the cement association representing six producers in the country. Julissa Béaez, Adocem ... |
Cemex plans 30% expansion at Caribbean Cement Co26 August 2022, Published under Cement NewsCEMEX plans to expand the production capacity at its subsidiary in Jamaica, Caribbean Cement Co Ltd (CCCL). This expansion aims for an up to 30 per cent increase CCCL’s cement capacity, through an investment of approximately US$40m for the first phase of the project. The announcement was made by CEMEX’s CEO, Fernando A González, during his visit to Jamaica, jointly with the Prime Minister of Jamaica, Andrew Holness, relevant officials of the Jamaican government and key representati... |
Caribbean Cement reports drop in 2Q profit05 August 2022, Published under Cement NewsJamaica-based Caribbean Cement posted operating profit of US$28.2m in the 1H22, representing a two per cent drop YoY from US$28.8m. Net profit also slipped by two per cent YoY to US$19.7m, despite a 10 per cent increase YoY in sales to US$85.5m in the 2Q22. The drop in earnings was attributed to increased operational expenses during a downturn in the global economy. |
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... |