Cement News tagged under: Trinidad Cement

RSS feed

Rock Hard Cement wins classification ruling

07 August 2019, Published under Cement News

Barbados-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 practices

06 November 2018, Published under Cement News

The 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...

Cemex

03 February 2017, Published under Cement News

Cemex has increased its offer for a 74.9 per cent interest in Trinidad Cement by 12.6 per cent to TTD5.07/share. Trinidad Cement and its subsidiaries operate principally in Trinidad & Tobago, Jamaica and Barbados.  Cemex has raised some US$500m from selling its reinforced concrete pipe manufacturing business to the privately-held Quikrete Holdings of Atlanta (GA), USA with a potential US$40m to follow, depending on future performance.

Caribbean Cement posts Q3 loss of US$0.63m

04 November 2016, Published under Cement News

Jamaica-based Caribbean Cement Company has posted a third-quarter loss of JMD81m (US$0.63m), reports the Gleaner newspaper. In a statement, the firm said: "During the reporting quarter, the company embarked on a major kiln overhaul which lasted 45 days and impacted the income statement by US$7.5m (JMD970m). Along with the capital expenditure of JMD622m invested this quarter, this is expected to lead to an improved operational efficiency and reliability of the plant. “"Other factors imp...

TCL: strike negotiations on the cards, Trinidad

08 March 2012, Published under Cement News

General manager of Trinidad Cement (TCL) Satnarine Bachew said yesterday that some striking works have responded to the company’s invitation for individual negotiations and return to work. Letters outlining the company’s terms and conditions were sent to 600 employees. Bachew said: “The employees have been responding to the offer and we continue to get responses from employees.” Ancel Roget, president general of the Oilfields Workers’ Trade Union (OWTU), has rejected the company’s latest ...