Caribbean cement company limited cccl is a publicly listed company which has been in operation since 1952 and is the sole manufacturer of portland and blended cement in jamaica. its main plant and operations are situated in rockfort, kingston with additional quarry operation in both st. andrew and st. thomas.
History. caribbean cement company limited carib cement opened its doors in jamaica in 1952. since then, the company has seen several changes in ownership over the years with its first owners being the jamaican government. today, carib cement is owned by trinidad cement limited group tcl. tcl is not just the majority shareholder in carib cement but is also the owner of seven other cement companies
Jan 29, 2019nbsp018332caribbean cement company limited and jamaica pre-mix concrete limited have teamed up in support of the st. james municipal corporations goal of sanitising the streets of montego bay. the two companies provided four cement mixer trucks filled with 12000 gallons sanitation fluid which were used by work crew from the municipality to clean st ...
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His contributions to nation building have been recognised by the conferring of the national awards, commander of the order of distinction cd and order of jamaica oj. address caribbean cement company limited
Caribbean cement company limited. registered office rockfort, kingston postal address p.o. box 448, kingston. 876-928-6231-5. infocaribcement.com. mandeville depot. winston jones highway, mandeville. 876-961-4134. montego bay. sagicor complex, freeport.
Caribbean cement company limited is a jamaica-based company engaged in the manufacture and sale of cement and clinker, and the mining and sale of gypsum, shale and pozzolan. the companys segments include local, caribbean countries and south american countries.
Apr 10, 2017nbsp018332caribbean cement company would like to reiterate our commitment to the local markets health and development and is proud of our role in building a greater jamaica.-30-contact mrs. sophia lowe pinnock, corporate communication amp public relations manager caribbean cement company limited tele 876 928-6231-5 416-9891 email slowecaribcement.com
The exercise was carried out on june 28 in partnership with caribbean cement company limited and premix jamaica limited.
Caribbean cement company limited, a member of the tcl group, is committed to meeting the needs of its customers by providing high quality building solutions in an environmentally friendly manner ...
Caribbean cement company limited, a member of the tcl group of companies, is committed to providing high quality products and services in an environmentally friendly manner, achieveing the financial objectives of its shareholders, meeting the needs of customers and employees whilst adding value to the community.
We can do much better. some three years ago, we installed some 350 receptacles along the streets of montego bay and i would like to ask our citizens to please start using them again, he implored.
For his part, general manager of caribbean cement company, yago castro izaguirre, said, once we were made aware of that need we were very pleased to come.
He said that the company is looking to do much more in montego bay, and contributing to the sanitisation of the city is a good place to start.
Jun 30, 2020nbsp018332the exercise was carried out on june 28 in partnership with caribbean cement company limited and premix jamaica limited. mayor of montego bay, homer davis, said the activity started from the city centre building, and the focus was
Welcome to coast to coast concrete company limited. coast to coast is a privately-owned commercial concrete building contractor, servicing a wide variety of markets in the construction industry. our goal is to build and maintain long-lasting relationships by providing contractors and homeowners with a variety of quality products and services at ...
Caribbean cement company limited, together with its subsidiaries, manufactures and sells cement and clinker in jamaica and other caribbean countries. risk analysis. has a high level of debt. profit margins 7.7 are lower than last year 16.5 see all risk checks. snowflake analysis.
Dec 07, 2016nbsp018332cemexs takeover of trinidad cement limited tcl, if successful, will also give it majority control of caribbean cement company limited, and the mexican powerhouse has said it will take the jamaican operation private by delisting it from the stock exchange.
Today, we publish the third of 15 stories on the nominees for the jamaica observer business leader corporate award. to be considered for nomination, all companies had to be at least 50 years old, or be able to trace their roots to 1962 or before. the award presentation and announcement of the business leader corporate will take place on sunday, december 2, at the jamaica pegasus hotel in kingston.
Whatever the future fate of caribbean cement company cccl ltd, its central role in the development of jamaicas social and economic infrastructure has long been cast in concrete.
Recently, the islands sole cement manufacturer mdash and, apart from the bauxite industry, its most weighty industrial concern mdash has been in the news, and there is no doubt that the withering headlines exposing its current financial problems have raised far-reaching questions about the firms long-term prospects.
But challenges are nothing new to carib cement. ever since it began manufacturing and supplying the jamaican market with ordinary portland cement on february 8, 1952, it has faced many, in one form or another. it has overcome them, so much so that it now finds itself in a position to make the extraordinary claim that an estimated 90 per cent of all buildings within the island were built with its products.
That these homes, offices and factories up to 60 years old, having withstood numerous hurricanes and earthquakes remain structurally sound today, is no small testament to the science and quality control that would have gone into the very first batches of cement that rolled off the conveyor belts over two generations ago.
With annual production capacity of 200,000 tonnes by 1956, carib cement had set its eyes on fully meeting the demands of the local market. the company, with this ambitious outlay for the times, sent a powerful signal across jamaica that the availability of this pivotal building material was no longer a constraint on any form of economic endeavour that involved construction.
By 1964, output capacity doubled to 400,000 tonnes of cement per year. the sprawling industrial operation at rockford in east kingston had spawned countless small businesses mdash from truckers to distributors and builders mdash and was responsible for hundreds of downstream jobs in post-independence jamaica. direct employment peaked at over 600 the company now has 314 workers.
Led by the bauxite companies, carib cement, and later the steel-making firm carib steel, jamaica was on the cusp of becoming a small but formidable industrial economy during the halcyon days of the 60s.
The mass housing settlements, beginning with the 1,800-unit mona housing development in 195859 by the matalon family and other similar developments that followed, immediately come to mind. the move by maurice faceys pan jamaican investments in the 1960s to create the new kingston business district and to introduce high-rise residential and commercial complexes across the capital city is another case in point.
Feb 11, 2020nbsp018332industry, commerce, agriculture and fisheries minister, hon audley shaw has welcomed the commissioning of caribbean cement company limiteds new palletizer machine which has been installed at the companys packaging plant, rockfort, with a second machine to be subsequently commissioned soon. the palletizer, which was officially commissioned into service on monday
Caribbean cement company would like to reiterate our commitment to the local markets health and development and is proud of our role in building a greater jamaica. contact mrs. sophia lowe pinnock, corporate communication amp public relations manager caribbean cement company limited
Jan 17, 2017nbsp018332the caribbean cement company limited says production has not been affected by a fire which destroyed its administrative building at its plant in rockfort, st andrew last night. three units from the jamaica fire brigade this morning finished cooling down operations after the blaze which was reignited some time after midnight.
Cement sales climbed at caribbean cement company limited but finance costs linked to debt owed to its ultimate parent as well as volatile currency movements led the rockfort, kingston-based to post lower profits.
Quarterly sales at 4.5 billion grew seven per cent year on year but profit declined by more than half to 305 million at september 2018, down from 748 million a year ago.
The reduction in profit before taxation compared to the same period in 2017 was impacted by foreign exchange losses of 464 million and interest payments of 227 million. both are related to the loans received to finance the acquisition of kiln 5 and mill 5, stated the company.
Due to the combined 691 million in charges, the company was unable to sustain the gains in its earnings before interest depreciation, taxation and amortisation, or ebitda, which at 1.6 billion was nearly twice the year prior out-turn of 966 million.
Caribbean cements managers were said to be attending meetings in trinidad and did not respond to requests for comment on the results as well as market developments from what could be impending competition from another regional company, gb group, which wants to set up a cement manufacturing operation in jamaica. however, its ebitda performance aligns with the goals of the buyback of its production assets from immediate parent, trinidad cement limited.
For its september third quarter, trinidad cement reported a net loss of tt20.1 million on revenues of tt416 million. a year ago, the claxton bay-based operation netted a profit of tt42.5 million on revenues of tt427.4 million in the quarter.
The buy back, which was funded by borrowings from ultimate owner, cemex of mexico, served to double caribbean cements assets in the past year from 7.7 billion to 23 billion. but the rockfort company now has to service new debt of 11 billion.
In april of this year, caribbean cement terminated its lease arrangement with trinidad cement and completed the acquisition of the kiln 5 and mill 5 assets at a cost of us118 million, or 14.9 billion in local currency. the company said that the funds for the acquisition came from cash on hand, and two loan facilities negotiated with cemex espana totalling us82 million.
Sales at caribbean cement over nine months topped 13.2 billion, putting the company on track for another record year of revenue. profit over the nine months at 1.3 billion is ahead of the 1.15 billion reported for the full year in 2017.
During the september quarter, there was a negative movement in the net cash generated by operating activities of 1.8 billion at caribbean cement. this was primarily due to the payment made to trinidad cement on the 1.9 billion balance that was outstanding on the acquisition of kiln 5 and mill 5, the company stated.
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Oct 31, 2018nbsp018332cement sales climbed at caribbean cement company limited but finance costs linked to debt owed to its ultimate parent as well as volatile currency movements led the rockfort, kingston-based to post lower profits.quarterly sales at 4.5 billion grew...
Jun 30, 2020nbsp018332jamaica stock exchange gt news gt quarterly financial statements gt caribbean cement company limited ccc unaudited financial statements for the second quarter ended june 30, 2020. caribbean cement company limited ccc unaudited financial statements for the second quarter ended june 30, 2020.
Jan 16, 2017nbsp018332there was a small fire inside an administrative building at the caribbean cement company limited in rockfort, st andrew this evening. public relations officer with the jamaica fire brigade emeleo ebanks told the gleanerpower 106 news centre that the brigade received a call about the fire about 624 p.m. and one unit responded.. ebanks says the fire was extinguished and an
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