Cement News tagged under: Jamaica
CCCL reports 2Q13 net profit, Jamaica08 August 2013, Published under Cement NewsCaribbean Cement Company Ltd (CCCL) has reported a second-quarter net profit as the Jamaica-based cement producer increased domestic market share and exports to Panama provide an extra boost to revenue. In the second quarter of 2013, cement exports declined but local sales reached 150,000t to push revenues for the three-month period above JMD3bn (US$29.6m). The company made a profit for the second quarter of JMD359m. However, CCCL general manager attributed to the improvement to the compa... |
Caribbean Cement to increase prices, Jamaica04 July 2013, Published under Cement NewsCaribbean Cement Company Ltd (CCCL) is set to increase cement prices for the third time in 2013, this time due to the depreciation of the Jamaican dollar against the US dollar. In a notice to the Jamaica Stock Exchange, CCCL said that as of 8 July 2013, the price of a bag of Carib Cement OPC will be increased to JMD945.48 (US$9.38), while a bag of Carib Cement Plus will sell for JMD914.53. The new prices represent an average rise of one per cent. CCCL said the price changes are necessar... |
Trinidad Cement Ltd 1Q13 boosted by higher sales volumes and prices13 May 2013, Published under Cement NewsFor the first quarter of 2013, Trinidad Cement Ltd recorded EBITDA of JMD114.2m (US$1.16m), reflecting a significant improvement over the first quarter of the previous year and 74 per cent of the total EBITDA achieved throughout 2012. Revenue for the quarter increased by JMD117m compared with the prior year as a result of higher cement sales volumes, the group said in a statement. Volumes were up YoY by 52 and 29 per cent in the markets of Trinidad and Tobago and Jamaica, respectively, w... |
Caribbean Cement workers protest over concerns on domestic declines04 April 2013, Published under Cement NewsUnion members of the Caribbean Cement Company Ltd (CCCL) have staged a demonstration amid concerns on continued declines in the domestic cement market. The one-hour protest took place outside the company’s plant in Rockfort, Jamaica. President of the National Workers Union (NWU), Vincent Morrison, told the Jamaica Observer that the demonstration was triggered by a number of issues, including the failure of the company to address proposals made by workers to arrest declining revenues. ... |
Jamaica: Caribbean Cement raises prices31 December 2012, Published under Cement NewsCaribbean 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 sales05 October 2012, Published under Cement NewsCaribbean 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 cautious08 August 2012, Published under Cement NewsCaribbean 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 increase07 August 2012, Published under Cement NewsThe 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 down01 August 2012, Published under Cement NewsTrinidad 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 light11 April 2012, Published under Cement NewsCanadian 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... |