Local cement manufacturer Trinidad Cement Limited (TCL) has generated close to US$4 million in foreign exchange earnings during the month of July, a historic achievement that underscores TCL’s growing regional footprint and its pivotal role in T&T’s manufacturing landscape.
In addition to the record-breaking July performance, TCL reported a 44 per cent increase in its monthly average export revenue for the January to July 2025 period, compared to the same timeframe in 2024.
In a statement yesterday, the company said the success is being hailed as a significant contribution to the national economy, particularly in supporting foreign exchange generation, a critical need in the current economic climate.
Speaking of the achievement, TCL General Manager Gonzalo Rueda Castillo said the export record reflects more than just numbers; it is a signal of the company’s strategic direction.
“This milestone stands as a testament to our broader agenda of building a resilient, inclusive, and sustainable local cement industry,” Rueda Castillo said.
“We applaud all our employees for this tremendous achievement. It shows their dedication to our shared goals of national development, operational excellence, and strategic market expansion, consistently ensuring that we satisfy the rising demand for the TCL cement brand across regional markets.”
The company noted that TCL exports sustainable, lower-CO₂ cement products, which are less carbon-intensive than ordinary Portland cement. These products are part of the company’s environmental strategy to reduce its carbon footprint both locally and across its CARICOM export markets.
It stated that from its Claxton Bay facility, TCL serves not only the domestic market but also regional destinations, delivering fresh, high-quality cement typically within five days, a significant logistical advantage over extra-regional suppliers, who often require upwards of twenty days for shipment.
“By maintaining these efficient supply chains, TCL supports critical infrastructure and construction projects throughout the Caribbean, while strengthening regional economic integration and cooperation.
As TCL celebrates this record-breaking performance, the cement company added that it remains focused on scaling its operations and delivering value to stakeholders,” the company added.