Jamaica: Caribbean Cement raises prices

Caribbean Cement Company, a member of the TCL Group, has announced price increases for a bag of cement. The company said effective January 7, the prices for its packaged Carib Plus will be increased by 15.4 per cent.

There is also to be slight adjustments in the prices for other products. A bag of Carib Cement OPC will be sold for JMD780 while Carib Cement plus will sell for JMD755 per bag.

Carib Cement said it had to increase its prices in order to generate enough money to meet debt payments.

It said it will guarantee the delivery of cement at the current price to customers who have pre-paid for the product up to January 11, 2013.