Cement News tagged under: Caribbean Cement
Hurricane Beryl impacts Caribbean Cement 3Q profit04 November 2024, Published under Cement NewsCaribbean Cement Co reported an 11.2 per cent YoY drop in sales to JMD6.2bn (US$39.2m) as Hurricane Beryl hit the company’s sales in the July-September 2024 period. Operating profit contracted by 75.7 per cent YoY to JMD600m in the 3Q24 from JMD5.8bn in the year-ago period. The hurricane also affected the company’s ability to resume production after the major shutdown and increased operating costs related to a scheduled plant maintenance shutdown, according to Our Today News. Net incom... |
Jamaica’s cement shortage ends30 September 2024, Published under Cement NewsJamaica’s cement shortage has ended. According to the minister for Investment and Commerce in Jamaica, Senator Aubyn Hill, the Caribbean Cement Co Ltd (CCCL) has assured him that adequate supplies of cement are now available to consumers. In a ministerial statement to members of the Upper House, Hill said the company told him on that enough cement was on the market for players in the construction industry. Earlier this month, CCCL confirmed that it could not meet the demand in the local... |
Caribbean Cement uses counterfeit cigarettes as RDF07 June 2024, Published under Cement NewsCaribbean Cement Co Ltd has destroyed an estimated JMD400m (US$2.57m) worth of counterfeit cigarettes in its cement kiln, in collaboration with the Jamaica Constabulary Force. Over 600 cases of counterfeit cigarettes were seized by the Intellectual Property Branch of the country’s Counter Terrorism and Organised Crime Branch. According to Jamaica Gleaner, the cigarettes, which are a source of refuse-derived fuel, offer a safe alternative to fossil fuels for cement plants. Jorge Martine... |
Caribbean sees rapid expansion for cement with construction growth16 September 2022, Published under Cement NewsThis week CEMEX announced that it has restarted its 0.5Mta kiln line at its San Pedro de Macoris plant in the Dominican Republic as part of its US$34m upgrade. While this plant will see further improvements in waste-derived fuels, additives and hydrogen technology, ICR assesses what other developments are happening in the Caribbean sector. The mood of the Dominican Republic is best captured by ADOCEM, the cement association representing six producers in the country. Julissa Béaez, Adocem ... |
Cemex plans 30% expansion at Caribbean Cement Co26 August 2022, Published under Cement NewsCEMEX plans to expand the production capacity at its subsidiary in Jamaica, Caribbean Cement Co Ltd (CCCL). This expansion aims for an up to 30 per cent increase CCCL’s cement capacity, through an investment of approximately US$40m for the first phase of the project. The announcement was made by CEMEX’s CEO, Fernando A González, during his visit to Jamaica, jointly with the Prime Minister of Jamaica, Andrew Holness, relevant officials of the Jamaican government and key representati... |
Caribbean Cement to burn waste tyres12 January 2022, Published under Cement NewsThe Caribbean Cement Company Ltd (CCCL) had signed an agreement for CCCL to use tyres from the Riverton City landfill in Kingston, to help fire its kilns for the manufacture of Portland cement. There are more than 2m tyres at Riverton to dispose of. There are also more at other landfills across the island. The project will reduce Caribbean Cement’s carbon emissions. |
Caribbean Cement triples 1H profit02 August 2021, Published under Cement NewsCaribbean Cement’s profit for the first half of 2021 has tripled to JMD3bn (US$19.3m) from JMD1bn in the 1H20, on the back of stronger domestic demand. The company’s revenues increased 32 per cent YoY to JMD12.3bn. The increase in revenues and the improved efficiency in terms of operating cost control have been key in achieving the 1H21 results. |
Caribbean Cement Co 2 years accident free27 July 2021, Published under Cement NewsCemex-owned Caribbean Cement Co Ltd is marking two years free from accidents at its Rockfort plant in Kingston, Jamaica. The milestone was officially reached on 15 July and fell within the company's observation of Health and Safety Week between 12-16 July. "It's a good feeling to know that we can break production records but at the same time keep our people safe, so this is definitely a big achievement. In the last 10 years, we have not been able to accomplish such a feat but now that we... |
Caribbean Cement reports 2% revenue increase30 April 2020, Published under Cement NewsJamaica-based Caribbean Cement reported a modest two per cent YoY improvement in revenue to JMD4.54bn (US$33.49m) for the first quarter of 2020. However, overall consolidated net income decreased 57 per cent YoY to JMD500m. The company also noted that it had implemented protocols to protect employees while also serving requirements and protecting cash flows during the COVID-19 pandemic. "We are following government regulations, while working to minimise, as much as possible, the impact o... |
Caribbean Cement plans to restart exports next year27 July 2018, Published under Cement NewsJamaica's Caribbean Cement Co Ltd aims to restart exports next year following the completion of its expansion, according to the Jamaica Gleaner. The company stopped exports last year to focus on the project which is expected to be completed in 2018. "I would love to restart exports to markets such as Bahamas, Bermuda, Grenada and the Caribbean," said Peter Donkersloot Ponce, general manager, Caribbean Cement. "While we do our maintenance plan, we need to focus on our local market because w... |