Trinidad Cement shelves bond offering
Trinidad Cement dual-currency offering of speculative-grade notes has been postponed to await more favorable market conditions, according to a company statement.
Caribbean
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Cemex increases first-quarter volumes
Cemex' first-quarter turnover increased by 8.2 per cent to US$3590.7m, while the EBITDA improved by 2.7 per cent to US$535m. The trading profit rose by 11.7 per cent to US$267.7m.
Solid first quarter for Cementos Argos
Cementos Argos posted first-quarter net income of US$39m, up 51.7 per cent compared to the first quarter 2013.
Carib Cement receives cheque from government for Venezuela exports
The government of Jamaica has given Carib Cement Co a cheque worth US$1.69m as part payment for the provision of clinker to Venezuela under the Trade Compensation Mechanism of t...
Trinidad Cement Ltd 1Q13 boosted by higher sales volumes and prices
For the first quarter of 2013, Trinidad Cement Ltd recorded EBITDA of JMD114.2m (US$1.16m), reflecting a significant improvement over the first quarter of the previous year and ...
Caribbean Cement workers protest over concerns on domestic declines
Union members of the Caribbean Cement Company Ltd (CCCL) have staged a demonstration amid concerns on continued declines in the domestic cement market.
Colombia’s Argos closes 2012 with 25% rise in EBITDA
Argos, Colombia’s largest cement producer, recorded a 25 per cent YoY rise in EBITDA in 2012 and an 82 per cent rise in operating income. The group, which also operates in the C...
Antigua cement prices set to rise
Caricement Antigua Ltd is considering a slight price increase on the back of rising production costs, in a move that follows two other hikes announced in the Caribbean this year...
Government to lobby Caricom for reduction in import duties
The government of Trinidad and Tobago says it plans to lobby the Caribbean Community (CARICOM) grouping for a reduction in import duties following Trinidad Cement Ltd’s (TCL) re...
Trinidad: CCJ dismisses TCL claim
The Caribbean Court of Justice (CCJ) has dismissed a claim by Trinidad Cement Limited (TCL) against the Caricom Competition Commission accusing them of acting wrongly and giving...