Cement News tagged under: Jamaica

RSS feed

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...