Cement News tagged under: Trinidad Cement

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Trinidad Cement post-tax profit soars in 2023

08 April 2024, Published under Cement News

Trinidad Cement Ltd (TCL) saw revenue increase by 8.2 per cent YoY to TTD2.229bn (US$328.8m) from TTD2.061bn in 2022. EBITDA slipped by one per cent YoY to TTD514m, of which 85 per cent was attributed to the Jamaican operations, according to David Inglefield, the company's chairman. “Guyana also continues to improve its profitability with an increase in EBITDA of over 53 per cent compared to last year due to higher sales volumes and stronger pricing," he said. In terms of the Trinidad ...

TCL raises cement price

20 March 2023, Published under Cement News

Trinidad Cement Ltd (TCL), part of CEMEX, will increase its cement prices by 20 March 2023. TCL TTD43.65 (US$6.44)/42.5kg bag and by eight per cent for Premium Plus to TTD47.83/bag. “Cement prices are in fact set to be marginally adjusted, taking into consideration some of the rising cost factors with which TCL is faced,” said the company. While cement is locally produced and had not been affected by the same price volatility as lumber and steel, the cost of local inputs, which account f...

TCL engages in low-carbon cement sales

19 October 2021, Published under Cement News

Trinidad Cement Ltd's (Cemex group) ECO Cement brand has achieved the Cemex Vertua seal, the group’s global standard for products that offer a reduction in carbon emissions ranging from 15 to over 40 per cent during production, TCL officials state. However, TCL has a hard battle ahead to convince the construction industry to move towards low-carbon cements. The low-carbon product has actually been on the local market since 5 June 2020. It retails at TTD43/bag (US$6.32/bag), and is ...

Rock Hard Cement to increase cement price

14 June 2021, Published under Cement News

Caribbean 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 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...


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 ...