Cement News tagged under: Jamaica

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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...

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...

Trinidad prices to come down

01 August 2012, Published under Cement News

Trinidad Cement Ltd announced that a temporary surcharge imposed on bagged cement has been removed and that cement prices are expected to go down in the coming weeks. Speaking to local press, Satnarine Bachew said a 42.5kg bag of cement had increased by US$13 as the company was forced to raise prices two weeks after workers began strike action on 27 February. "The additional charge was driven by the higher cost of satisfying the local cement demand due to extenuating circumstances crea...

New Jamaican project given green light

11 April 2012, Published under Cement News

Canadian engineering firm Cemcorp has been given permission by the National Environment and Planning Agency (NEPA) to construct Jamaica's second cement plant, according to local press reports. Cemcorp will construct a 1.5Mta plant at Port Esquivel, St Catherine, at a cost of US$340m. "We are happy that we can now move forward with our plans," Armand Nahmiache, Cemcorp's chief executive officer, told The Gleaner yesterday. "Hopefully, we will be breaking ground in another three month...