Argos reports solid start to the year
Argos reported a solid first-quarter results, with a double-digit rise in cement volumes and price recovery in both Colombia and the US. Consolidated revenues in the first quart...
Caribbean
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TCL poised for new loan syndication
Trinidad Cement Limited (TCL) is set to launch a US$245m five-year term loan as it seeks to turn a new leaf following the completion of a debt restructuring earlier this year, R...
TCL restructures debt, names new CEO
Trinidad Cement Ltd (TCL) has repaid all its previous lenders, company chairman, Wilfred Espinet, announced alongside Nigel Edwards and new chief executive, Jose Luis Seijo. Esp...
Cementos Argos readies itself for 'vibrant' US market growth
With US demand recovery on a roll, Cementos Argos is readying itself for 'vibrant' growth in the years ahead with the group having consolidated its presence in nine strategic st...
TCL reports full-year loss
Trinidad Cement Ltd recorded a loss of TTD211m for last year, as the company wrote down the value of its investment in Arawak Cement Company (Barbados) by TTD153m and in deferre...
Guyana’s first integrated plant officially opened
Caricom Cement Company Inc has officially opened the first cement plant in Guyana in the presence of Prime Minister Samuel Hinds. The plant, situated in Everton, East Bank Berbi...
TCL downgraded by Fitch Ratings
Trinidad Cement Ltd (TCL) has been downgraded by Fitch Ratings, just days after Standard & Poor’s (S&P) also lowered its corporate credit rating on the Caribbean-based producer.
TCL places hold on all debt payments
Following a financial assessment of Trinidad Cement Ltd (TCL) by PricewaterhouseCoopers (PwC), the Caribbean-based cement producer has decided to place a hold on all payments du...
TCL second-quarter revenue up 9%
Trinidad Cement Ltd (TCL) saw second-quarter revenue rise by nine per cent to TTD560m (US$88.3m) as demand remained strong in key markets. EBITDA and non-recurring charges climb...
Improved pricing and exports boost CCCL first half
Caribbean Cement Company Ltd (CCCL), the Jamaican subsidiary of Trinidad Cement Limited (TCL), achieved a 28 per cent increase in revenue for the first half of the year due to i...