TCL boosts CEMEX cement sales in Caribbean
Published by Jonathan Rowland,
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/
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