Displaying items by tag: Trinidad

Trinidad: Austria’s Unitherm Cemcon has been awarded the contract for a rotary kiln burner for kiln 3 at Trinidad Cement’s 1230t/day plant. The burner for the wet process unit will be designed for natural gas and liquid alternative fuel. No value for the order has been disclosed.

The scope of supply includes: one MAS/5/EGSO model rotary kiln burner; a flame monitoring device for the rotary kiln burner; a gas electric ignition burner with control box and touch screen; kiln burner trolley engineering and main components for local manufacturing; primary air fan with sound protection housing; and an emergency cooling air fan.

Other recent projects from Unitherm Cemcon include the commissioning of a firing system for BUA Cement’s new plant in Edo State, Nigeria and delivery of firing equipment for a project in Argentina in late 2018.

Trinidad: Trinidad Cement has appointed Guillermo Rojo de Diego as the general manager. He succeeds Rodolfo Martinez, who held the position from mid-2017. Martinez will take up another role with Cemex, the owner of Trinidad Cement.

Trinidad: Trinidad Cement’s revenue rose by 4% year-on-year to US$132m in the first half of 2018 from US$127m in the same period in 2017. Its profit nearly tripled to US$7.57m.

Colombia / Trinidad & Tobago: Trinidad & Tobago's Trinidad Cement Limited (TCL) has entered the Colombian cement market. The company has imported the first shipment containing cement to be processed at its Barrancabermeja facility in Santander. The shipment contains 300t of Type G oil well cement.

In total, TCL has spent US$320,000 on its facility in Barrancabermeja, and it plans a similar project in Llanos Orientales for the second half of 2014.

Trinidad: Trinidad Cement (TCL) is planning to increase its share of the oil well cement market, according to its chairman Satnarine Bachew. The Caribbean cement producer has been producing well specification cement for over 15 years for the local market but it has now decided to sell the product more widely.

Bachew said that Halliburton has been TCL's main customer, testing the product to a depth of 5000m. TCL intends to follow current demand and build its presence in Central America.

Trinidad: An appeal by Trinidad Cement to challenge an injunction by minority shareholders to block its annual general meeting has been postponed, according to Radio Jamaica News. The hearing was originally scheduled for Monday 30 September 2013.

Trinidad Cement 's annual general meeting on 12 July 2013 was stopped by a high court injunction with just one hour's notice. The injunction was part of legal action by a group of shareholders holding 5.68% of the company who want to nominate five directors to the cement producer's board.

Trinidad & Tobago: For the first quarter of 2013, Trinidad Cement (TCL) recorded earnings before interest, tax, depreciation and amortisation (EBITDA) of US$17.8m. The result represented a significant improvement over TCL's results for the same period of 2012. The first quarter 2013 EBITDA represents 74% of its EBITDA for the whole of 2012.

Revenue for the quarter increased by US$18.3m compared with the same period of 2012 as a result of higher cement sales volumes. Volumes increased by 52% in Trinidad & Tobago, by 7% in Jamaica and by 29% in export markets. It was helped by higher selling prices in most markets.

TCL said that, as a result of the significant expenditure made in the latter part of 2012, plant performance has been more reliable and efficient, with clinker production exceeding prior year by 32%. Part of this is due to a prolonged TCL strike in 2012. Cement production was up by 21% year-on-year.

As a consequence of the above factors, TCL has reported a net profit after tax for the first quarter of 2013 of US$$2.22m compared with a net loss of US$11.7m in the same quarter of 2012.

Looking ahead the company says that the Trinidad & Tobago market has recorded very strong demand and it is anticipated that this will continue. While it saw a declining demand trend in Jamaica and Barbados, it is hoped that growth will return to these markets following elections in Barbados and the conclusion of an IMF agreement in Jamaica. In addition, TCL said that the growth being experienced in Guyana and Suriname and the initiatives by the group in the pursuit of additional export markets, plant efficiency and cost containment, are likely to contribute to the continuation of its good results for the coming months.

Trinidad: Trinidad Cement, a subsidiary of TCL Group, has appointed Alejando Alberto Ramirez as a director. The appointment was effective from 12 October 2012. Ramirez succeeds Luis Miguel Cantu Pinto who retired from the board of directors on 5 October 2012. Ramirez was elected on 12 October 2012 at TCL's annual meeting to fill the vacancy.