Caribbean Cement Company, Jamaica, has announced a 3.2% increase in its prices. This has been attributed to increased operational costs over recent months, despite the fact that the Jamaican dollar is strengthening in comparison with the US dollar.
Caribbean Cement further commented that although financial benefits had been achieved due to improved process efficiencies, these were not sufficient to cover the increased costs.
The company commented on the local market conditions, stating that a reduction in demand has led to a decrease in revenues – resulting in Caribbean Cement gaining larger stockpiles of cement and clinker.
Read the article online at: https://www.worldcement.com/the-americas/16062010/caribbean_cement_company_jamaica_announces_price_increase/