Cement News tagged under: Jamaica

RSS feed

Caribbean Cement orders reclaimer

30 August 2016, Published under Cement News

Caribbean Cement has ordered a new 700tph full-portal reclaimer for limestone with a railspan of 42m for its Rockfort plant in Jamaica. The order follows a long-standing project, which was initially considering the conversion of existing equipment. However, the purchase of a new machine proved to be more economical than carrying out several modifications to the existing equipment.

Caribbean Cement 1Q16 revenue up but exports down 53%

28 April 2016, Published under Cement News

Caribbean Cement Limited (CCL) reported that, on the back of an increase in domestic sales, 1Q16 total revenue increased by 11 per cent or US$398m to US$3.98bn over the previous year, when they reached US$3.58bn. However, in the 1Q16 the company also noted declines in exported cement and clinker sales volumes of 53 per cent and 56 per cent respectively, said the Jamaican Observer. In March CCL introduced a 1.5 per cent discount on all cash purchases, adding to a 0.5 per cent discount t...

TCL reports second consecutive year of record revenues

11 March 2016, Published under Cement News

Trinidad Cement Co Ltd said it recorded its highest ever revenue of TTD2.1bn (US$319m), an increase of TTD12.4m compared to a year earlier despite facing increased competition. The increase represents the second consecutive year of record revenues The 2015 revenue growth was mainly driven by a 12 per cent rise in cement sales volumes in Jamaica and a 16 per cent increase in clinker sales volumes. Profit after tax amounted to TTD428.7m compared with losses of TTD211m in the prior year w...

Jamaica: CCCL posts higher full-year earnings

03 March 2016, Published under Cement News

Caribbean Cement Co Ltd (CCCL) posted JMD1.54bn (US$12.7m) in earnings for year ending December 2015, compared to the JMD139m a year earlier. The increase by the Jamaica-based producer, part of the TCL Group, comes despite big severance payouts. The separation of some former managers and voluntary redundancies late last year cost CCCL JMD436m. Among these, Anthony Haynes, who resigned from office as general manager last April to make room for Alejandro Varés as the new head, was the most ...

Caribbean Cement Co swings to first-half profit, Jamaica

23 July 2015, Published under Cement News

Caribbean Cement Co Ltd (CCCL) reported a consolidated profit of JMD869.3m (US$7.42m) for the first six months of 2015, compared to a loss of JMD53.2m in the corresponding period of 2014 – an improvement of JMD922m. The TCL group company said revenue during the first half of this year rose by four per cent (or JMD276m) over the period, mainly driven by improved domestic sales volumes and increased clinker exports which compensated for the decline in cement exports. EBITDA increased by JMD8...

Jamaica: Caribbean Cement to start 240,000t Venezuelan shipment

23 October 2014, Published under Cement News

Caribbean Cement Company Ltd (CCCL) has commenced supply of a new 240,000t clinker order to Venezuela. The US$20.5m contract will run over an 18-month period and help boost export revenue from the Rockfort plant. The new order from Caracas extends a previous agreement that saw CCCL ship 100,000t of clinker between December 2013 and April 2014 in a US$8.5m deal. In 9M14, CCCL recorded clinker exports of 80,373t, compared to 6757t in 9M13. Cement export sales also increased during the Jan-Se...

Improved pricing and exports boost CCCL first half

18 August 2014, Published under Cement News

Caribbean Cement Company Ltd (CCCL), the Jamaican subsidiary of Trinidad Cement Limited (TCL), achieved a 28 per cent increase in revenue for the first half of the year due to improved pricing and increased exports. Turnover rose to JMD7.25bn up from JMD5.68bn a year earlier, “driven by improved pricing and an almost doubling of aggregate clinker and cement export sales volumes,” a report by Mayberry Investments stated. However, revenue was impacted by “general inflationary increases d...

TCL sees strong rise in 2013 earnings

04 March 2014, Published under Cement News

For the year 2013, Trinidad Cement Ltd Group recorded a notable improvement in its financial performance with EBITDA increasing by TTD268.9m, or 174 per cent, to TTD423.4m (US$66.3m). This reflects a margin of 21.8 per cent compared with the previous year margin of 9.6 per cent, the company’s results stated. Domestic cement sales volumes increased by 13 per cent, largely driven by advances in Trinidad and Jamaica, while exports rose 22 per cent and clinker output was up by 15 per cent. T...

Caribbean Cement Co dispatches clinker to Venezuela

20 December 2013, Published under Cement News

Caribbean Cement Company sent its first clinker consignment to Corporación Socialista del Cemento in Venezuela yesterday. The Government had signed off on the clinker deal back in September, but export was delayed as Venezuela had not yet signed all the necessary approvals. The shipment followed months of negotiations with Venezuela, the Ministry of Science, Technology, Energy and Mining said. However, the Caribbean Cement Company said that "this development has tremendous implications ...

Jamaica close to concluding PetroCaribe supply deal

17 December 2013, Published under Cement News

The government of Jamaica is close to concluding a supply contract with Venezuela to use cement exports to meet some debt repayment obligations under the PetroCaribe agreement. Under the Trade Compensation Mechanism of the PetroCaribe energy cooperation agreement, Jamaica is allowed to settle a portion of its oil debt to Venezuela through the export of goods and/or services. According to a report by the Economic Intelligence Unit (EIU), the cement agreement would entail initial sales of 1...