Cement News tagged under: Rock Hard Cement
Rock Hard Cement closes operations in Trinidad20 September 2021, Published under Cement NewsRock Hard Cement has now closed its business in Trinidad and Tobago and is expected to look for opportunities elsewhere in the Caribbean. In a social media post, the company noted the challenges of operating in the country. “Unfortunately, the combination of a limit on imports of 55,000t combined with an import duty of 50 per cent means that Rock Hard Distribution Inc simply cannot operate in Trinidad.” The company had announced earlier this year that it was closing down on 1 July. |
Rock Hard Cement to increase cement price14 June 2021, Published under Cement NewsCaribbean cement importer Rock Hard Cement announced it will be increasing its price for cement from 1 July 2021. The company cited rising global prices along with the volatility of shipping in the second half of the year, according to the Daily Express. Meanwhile, Trinidad Cement Ltd confirmed that it has not supplied any cement to local distributors and retailers since 8 May, except for direct supplies to three essential construction projects as requested by the government. However, it h... |
Rock Hard Cement to temporarily close operations04 January 2021, Published under Cement NewsRock Hard Cement, a Trinidad-based cement importer, is expected to close its operations for one month from Monday. The company has attributed the closure to the Ministry of Trade and Industry’s new policy which went into effect on 1 January. The policy introduced a quota, import licensing regime and registration system for grey and other types of hydraulic cement. The system is expected to last for a three-year period and implement a maximum quota of 75,000t of imports for all contractors... |
Rock Hard Cement wins classification ruling07 August 2019, Published under Cement NewsBarbados-based Rock Hard Cement Ltd has won a final court ruling regarding the classification of its cement and therefore its related tariff. "Today’s judgment settled the dispute as to whether Rock Hard Cement ought to be classified as ‘Building cement (grey)’ and be charged a CARICOM tax of 15 per cent when imported into the region, or as ‘Other hydraulic cement’ in which case a levy of 0-5 per cent would be payable," said the Caribbean Court of Justice (CCJ) in a statement. Earlier... |
CCJ rules in favour of reducing tax on imported hydraulic cement18 April 2019, Published under Cement NewsThe Caribbean Court of Justice (CCJ) has ruled that the regional tax, known as the Common External Tariff (CET), payable on cement categorised as ‘other hydraulic cement’ should be set at five per cent. The ruling endorses a rate that is a fraction of the 60 per cent tariff that Barbados-based Rock Hard Cement had once paid on imports from Portugal and Turkey, according to the Jamaica Gleaner. In 2001, Caricom’s Council for Trade and Economic Development (COTED) had granted Barbados an ex... |
Rock Hard Cement loses import tariff judgement19 December 2018, Published under Cement NewsThe Caribbean Court of Justice (CCJ) has ruled in favour of Trinidad Cement Ltd (TCL) and Arawak Cement Ltd over their dispute with importer Rock Hard Cement to have the tariff remain at 60 per cent for imported hydraulic cement to Barbados, rather than being lowered to five per cent. The court is still to determine the classification guidelines for hydraulic cement that Rock Cement imports for its local operations in Barbados. |
TCL and Arawak Cement seek redress over reduced import tariffs16 May 2018, Published under Cement NewsTrinidad Cement Ltd (TCL) and its Barbados-based subsidiary Arawak Cement Ltd are reported to have filed legal action against the Government of Barbados, accusing it of breaking the Caribbean Community (CARICOM) single market and economy, according to Barbados Today. Barbados Labour Party (BLP) leader, Mia Mottley, explained that the lawsuit was lodged last Friday with the Trinidad-based Caribbean Court of Justice (CCJ). "These people are going in the original jurisdiction against the G... |
Caribbean: Trinidad Cement competes with Rock Hard Cement23 January 2017, Published under Cement NewsRock Hard Cement of Barbados has begun to penetrate the local market in Trinidad and Tobago, offering its product at TTD46/bag (US$6.81/bag). State-owned Trinidad Cement Ltd (TCL) has spoken out, warning customers off buying the new competitor’s product. TCL has been competing with Rock Hard for about a year, its first competitor in 31 years. TCL issued a full-page advertisement in a local newspaper, warning to local consumers to “carefully consider when purchasing, as imported cement is ... |
Caribbean: Rock Hard Cement starts exporting13 January 2017, Published under Cement NewsRock Hard cement company has is about to enter markets outside of its homebase of Barbados. Eight months ago it was experiencing a difficult time exporting, but it can now compete in other Carribean markets. Chief Executive Chairman, Mark Maloney, said a ship off-loaded cement in Barbados last week, and would proceed to St Lucia before heading to St Vincent and the Grenadines and Guyana. In addition, Rock Hard cement could soon be available in another three countries. "Rock Hard Cement ... |
Barbados: Arawak reports improved performance16 May 2016, Published under Cement NewsArawak Cement Co Ltd of St Lucy, Barbados, announced a turnaround in its finances in 2015. While it did not release any hard data, it described 2015 as a “very encouraging” year. The company reported improved operational efficiencies and a 20 per cent rise in exports when compared with 2014. Chairman Arun Goyal said the improved performance resulted from strategic initiatives and “an adherence to the core objectives of sustainability and competitiveness as our driving force”. Last Octo... |
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