Trinidad Cement Ltd has announced a US$ 30 million expansion to its subsidiary in Jamaica, Caribbean Cement Company Ltd (CCCL).
The expansion scheduled to start in the second half of next year is expected to increase CCCL’s production capacity by 30 per cent.
“CCCL currently produces and supplies over one million metric tonnes (1,000,000 MT) of cement to the local market in Jamaica annually. The planned capacity upgrade is expected to increase CCCL’s production by three hundred thousand metric tonnes (300,000 MT),” TCL stated in a notice published by the T&T Stock Exchange.
The notice was published in pursuant to Section 64 (1)(b) of the T&T Securities Act 2012.
“This planned capacity upgrade also involves the implementation of state-of-the-art technologies which will introduce novel grinding additives to the manufacturing process to reduce the clinker content in the cement produced by CCCL,” it stated.
TCL said in addition to this the upgrade is intended to minimise CCCL’s carbon footprint in Jamaica by optimising the heat consumption involved in the cement production process.
“The total investment for this capacity upgrade is estimated at US$30 million. This project is consistent with the company’s overall growth plan and is intended to strengthen CCCL’s ability to respond to local and export demand over the medium term,” it stated.