Cement News tagged under: Trinidad Cement Company

RSS feed

Record production at Caribbean Cement in 2020

11 January 2021, Published under Cement News

Caribbean Cement Company (TCL/Cemex group) says it reached a new record in 2020 by manufacturing more than 940,000t of cement in response to market demand in Jamaica.  "The market responded opposite to what might have been expected given the pandemic. Instead of slowing down, construction grew, and we kept in step with our customers by meeting their demand consistently. We will continue to ramp up production as the market grows," said Yago Castro, general manager of Caribbean Cement Ltd ...

Two men badly injured at Arawak Cement

30 December 2020, Published under Cement News

Two men sustained burns during an industrial accident at the Arawak Cement plant in St Lucy, Barbados, early Sunday morning. Plant attendant Brian Moore reportedly has burns about 90 per cent of his body and is listed as gravely/critically injured. Process supervisor Vincent Ellis remains at the Queen Elizabeth Hospital (QEH) with burns to both hands and feet. Both men, along with plant attendant Erroll Lewis were overseeing a cement mixing process, during which a blockage was observed. ...

Trinidad Cement reprimanded over dismissal of 16 workers

22 November 2019, Published under Cement News

Trinidad Cement Ltd (TCL) had been reprimanded by the Industrial Court for dismissing 16 workers without giving them prior notice. The President of the Industrial Court, Deborah Thomas-Felix, and members Albert Aberdeen and Morton Mitchell ruled that while TCL was guilty of an industrial relations offence, the court would not be taking further action as the Oilfields' Workers' Trade Union was complicit. The union  filed the offence after TCL retrenched the workers in September 2018. The ...

Trinidad Cement seeks higher taxes on Rock Hard Cement imports

08 April 2019, Published under Cement News

Trinidad Cement Ltd (TCL) has written to the Caribbean Court of Justice to seek higher taxes to be imposed on Rock Hard Cement imports, according to the Nation. TCL wants the final appellate court to raise the tax on imported cement above the five per cent which has been suggested by last month's CARICOM Council of Trade and Economic Development (COTED). Hard Rock Cement has been importing product classified as 'other hydraulic cement' from Portugal, which makes it eligible for the five pe...

Caribbean Cement records JMD2.5bn profit

27 February 2019, Published under Cement News

Jamaica's Caribbean Cement Co set a record profit of JMD2.47bn (US$18.89m) in its last financial year. Sales by the cement producer rose six per cent to JMD17.5bn, while its net profit more than doubled from JMD1.1bn to JMD2.47bn. The results follow the restructuring of inventory and manpower and other efficiency measures, as well as investments in the plant at Rockfort, Kingston, reports The Gleaner. "The year 2018 marked the beginning of a period of stability for the company," Caribbean ...

New burner ordered by Trinidad Cement

21 February 2019, Published under Cement News

Unitherm-Cemcon has been awarded the contract for a rotary kiln burner for Kiln No 3. The burner for the 1230tpd wet-process plant will be designed for natural gas and liquid alternative fuel. The scope of supply includes: • one rotary kiln burner MAS/5/EG SO (fuels: natural gas and liquid alternative fuel) • flame monitoring device for the rotary kiln burner • gas electric ignition burner with control box and touchscreen for safe and reliable start-up • kiln burner trolley engineering and ...

Rock Hard Cement loses import tariff judgement

19 December 2018, Published under Cement News

The 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.

Caribbean Cement's debt repayments hurt 3Q18 results

31 October 2018, Published under Cement News

Caribbean Cement has blamed finance costs linked to debt owed to Cemex as well as volatile currency movements for its lower profits in 3Q18. The company's 3Q18 sales amounted to JMD4.5bn (US$33.5m) up seven per cent YoY, but profits fell to JMD305m at the end of September 2018, down from JMD748m a year ago. "The reduction in profit before taxation compared to the same period in 2017 was impacted by foreign exchange losses of JMD464m and interest payments of JMD227m. Both are related to t...

Caribbean Cement signs two loan agreements with Cemex España

01 June 2018, Published under Cement News

Caribbean Cement Co Ltd has signed two loan agreements valued at US$102m with Cemex España, which will be used for the repurchase of assets at its Rockfort facility. The loans will be mainly used to acquire kiln five and mill five, according to The Gleaner. The assets will be acquired from the company’s immediate parent, Trinidad Cement Ltd. "The remainder, if any, will be used for general corporate purposes," said Caribbean Cement in a market filing. Cemex SAB de CV, parent of Cemex Espa...

TCL and Arawak Cement seek redress over reduced import tariffs

16 May 2018, Published under Cement News

Trinidad 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...