Cement News tagged under: Trinidad & Tobago
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 Distributors sees import restrictions claim dismissed22 July 2021, Published under Cement NewsThe judicial review claim brought by Trinidad and Tobago-based Rock Hard Distributors and St Lucia-based Rock Hard Distribution Ltd against the Ministry of Trade and Industry against the ministry’s steps to introduce a quota on imported cement and a proposal to increase import duties was dismissed by Justice Jacqueline Wilson. The claim sought to challenge the decision made by the ministry on 13 November 2020 introduce import quota from 1 January, allowing only a total of 75,000tpa for all... |
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... |
Trinidad Cement appoints new CEO10 November 2020, Published under Cement NewsTrinidad Cement Ltd (TCL) has appointed Francisco Aguilera Mendoza as its new CEO, effective from 1 December 2020. Mr Mendoza, who was appointed to the board in 2014, currently serves as deputy chairman and will also continue in that role. The new CEO is also the vice president of Trading Americas and Group Shipping for Cemex and is thereby responsible for the trading of cement and clinker in the Americas, including in the Caribbean. Seijo Gonzalez, CEO of TCL since May 2015, is expect... |
Caribbean Cement Co exports clinker to Haiti for the first time03 September 2019, Published under Cement NewsJamaica’s Caribbean Cement Co has exported clinker to Haiti for the first time, according to the Jamaica Observer. The 7500t shipment became possible due to excess production at the company’s plant in Kingston. The operations of the plant have been upgraded over the past four years with an investment of JMD4bn (US$162m) in capital expenditure and JMD500m in training, health and safety, and improving the plant's environment. The company has already exported 14,300t of clinker to Trinidad ... |
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... |
Trinidad Cement helps promote safe building practices06 November 2018, Published under Cement NewsThe Tobago House of Assembly and Trinidad Cement Ltd (TCL) collaborated to host a one-day concrete and cement symposium last week to promote best building practices. TCL’s Group Commercial Strategy Advisor, Avalene Mooloo, noted the importance of strong infrastructure in the region. "With the onslaught of the amount of natural disasters that has been occurring in the Caribbean for the last couple of years – Haiti all the way back to the last weekend in Trinidad – where we have been getti... |
TCL announces TTD49m operating loss in 201730 May 2018, Published under Cement NewsTrinidad Cement Ltd (TCL) has announced its results for the full-year 2017 period, reporting an operating loss of TTD49m (US$7.26m) on the back of unprecedented storms in its eastern Caribbean markets and the economic downturn in Trinidad and Tobago. "These factors led to a decrease in revenue by nine per cent on a year-to-year basis compared to TTD1.7bn from 2016. Jamaica was an exception for TCL and continues to display robust economic growth, driving higher demand for our products in th... |
Trinidad Cement revenues down 12%04 May 2017, Published under Cement NewsTrinidad Cement Ltd (TCL) said its revenue for the first three months of the year was down by 12 per cent YoY to TTD422m (US$62.5m) due to a construction slowdown in one of its major markets and tougher regional competition. Group volumes in 1Q17 were down six per cent YoY which the company said reflected a slowdown in Trinidad and Tobago construction activity, compounded by increased competition in the Caribbean region. However, TCL noted that positive trends continued in the Jamaican m... |
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 ... |