Displaying items by tag: Caribbean Cement
Chris Dehring resigns as chairman of Caribbean Cement
12 October 2016Jamaica: Chris Dehring has resigned as chairman of Caribbean Cement with immediate effect. He was appointed chairman of Caribbean Cement in October 2014, months after joining the board of its parent company, Trinidad Cement, according to the Jamaica Observer. He has left the cement producer to commit to his next business venture in broadcasting. Previously, Dehring founded the Dehring, Bunting and Golding investment bank, and served as managing director of the 2007 ICC Cricket World Cup, chief marketing executive of the West Indies Cricket Board, manager at Citibank NA and chairman of LIME Caribbean/Cable & Wireless.
Schade Lagertechnik gains orders in Uzbekistan and Jamaica
30 August 2016Uzbekistan/Jamaica: Schade Lagertechnik has announced details of orders its has received from the cement industry from Kyzylkumzement in Uzbekistan and from Caribbean Cement in Jamaica.
In July 2016 Scaahde won a contract to supply two bridge type reclaimers and a stacker to Kyzylkumzement in Uzbekistan. The two reclaimers, each with a capacity of 1000t/hr and a rail span of 30m, and the 1200t/hr stacker will be delivered in the autumn of 2017 so that the plant can be commissioned in early 2018. The project is being supported with the aid of World Bank financing.
The order is part of the modernisation and improvement of cement plants that was called for two years ago by the Uzbek construction materials collective, Uzstroymateriali. This investment programme comprises nine projects for modernisation and reconstruction of plant at three of the largest cement works in the country, Kyzylkumzement in Nawoi, Akhangaranzement in the Tashkent region and Bekabadzement also in the Tashkent region. The investment volume at Kyzylkumzement alone is in the order of US$40m. Currently there are six cement plants in Uzbekistan with a total installed capacity of around 8Mt/yr.
Schade will also supply a full-portal reclaimer for limestone, with a capacity of 700t/hour and a rail span of 42m, to Caribbean Cement in Jamaica in the autumn of 2017. The project phase leading up to this order had been going on for almost 20 years. Rather than investing in a new machine, the initial plan was to convert an existing one. In the end the management decided that the purchase of a new machine would be more economical than incorporating all the required modifications into the existing machine.
Schade Lagertechnik produces equipment for bulk material stockyards and blending bed technology. It is part of the Aumund Group.
Caribbean: Caribbean Cement's parent company Trinidad Cement Limited (TCL) has appointed Luis Ali has as Group Finance Manager, effective from 4 January 2016.
Caribbean Cement to start 240,000t Venezuelan shipment
28 October 2014Jamaica: Caribbean Cement Company Ltd (CCCL) has commenced supply of a new 240,000t clinker order to Venezuela. The US$20.5m contract will run over an 18-month period and will help boost export revenues from the Rockfort cement plant.
The new order from Caracas extends a previous agreement that saw CCCL ship 100,000t of clinker between December 2013 and April 2014 in a US$8.5m deal. The new contract is said to signal 'business as usual' at the works, which recently saw the replacement of Brian Young as board chairman by Christopher Dehring.
In September 2014, CCCL recorded clinker exports of 80,373t, compared to 6757t in September 2013. Cement exports also increased during the January – September 2014 period, from 178,643t in 2013 to 191,556t. In addition, CCCL noted a 10,000t rise in domestic sales to 458,644t as the construction market recovers.
"The recent trend in the domestic market is expected to continue as well as improvement in the export earnings," said Caribbean Cement's chairman Dehring and director Hollis Hosein.
"In addition, we have entered into a new agreement to supply 240,000t of clinker to Venezuela, starting shipments in October 2014. We, therefore, remain cautiously optimistic that these favourable results can be sustained."
Caribbean Cement sends clinker to Venezuela under Petrocaribe
08 January 2014Venezuela: Caribbean Cement Company, a subsidiary of the TCL Group, has entered into an agreement to supply 100,000t of clinker to Venezuela from December 2013 to April 2014. This arrangement was facilitated under the compensation mechanism of the Petrocaribe Agreement where the government of Jamaica could repay the loan to Venezuela with goods and services in lieu of cash.
This contract is the outcome of more than three years of negotiations between Caribbean Cement, the government of Jamaica and the government of Venezuela. What started as an initiative to export cement ended instead in an agreement to supply clinker.
Caribbean Cement will export 20,000t/month of clinker to Pertigalete, Venezuela. The company will continue negotiations to continue to supply clinker after April 2014. The company said in a statement "Caribbean Cement is pleased to be a trailblazer in setting a precedent for other goods and services to be negotiated under the compensation mechanism of the Petrocaribe."
Venezuela considers Jamaican cement payment for oil
16 September 2013Venezuela/Jamaica: Venezuela's Minister of Petroleum and mining Rafael Ramirez is 'listening' to a proposal Jamaica has made to pay for its debts to Petróleos de Venezuela, SA (PDVSA). Jamaican minister Phillip Paulwell made the offer to tackle debts of US$350m raised under the Petrocaribe agreement between the nations where Venezuela supplies oil. However, Caracas-based newspaper El Nacional has reported doubts that Caribbean Cement Co would be able to meet the level of cement exports to Venezuela required to meet the Gran Mision Vivienda state housing programme.
PDVSA currently ships 26,000 barrels/day of oil to Jamaica's state energy company Petrojam. The Petrocaribe agreement includes Antigua, Barbuda, Bahamas, Belice, Cuba, Dominica, Granada, Guatemala, Guyana, Haití, Honduras, Jamaica, Nicaragua, the Dominican Republic Dominicana, San Cristóbal & Nieves, San Vicente & Granadinas, St Lucia and Suriname.