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TCL boosts CEMEX cement sales in Caribbean

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World Cement,

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.

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This article has been tagged under the following:

Cemex news Cement news 2018