The acquisition of Trinidad Cement Ltd (TCL) boosted CEMEX’s cement sales in the Caribbean in 2017, the company said in its latest results.
Cement volumes were up 13% for the full year and 15% in 4Q17 in the South, Central America and the Caribbean business unit, reflecting the boost in performance delivered by the purchase of TCL.
In contrast, like-for-like sales were down 1% during both the final quarter and full year, as sales from CEMEX Latam Holdings reported lower year-on-year results.
CEMEX subsidiary, Sierra Trading, took controlling ownership of TCL last year. TCL’s main operations are located in Trinidad and Tobago, Jamaica, and Barbados. The company is also a majority shareholder in Caribbean Cement Co.
Read the article online at: https://www.worldcement.com/the-americas/07032018/tcl-boosts-cemex-cement-sales-in-caribbean/