Haiti-based Gilbert Bigio Group (GB) is reported to be planning to built a cement plant in Jamaica, a market it already serves through imports from an existing cement plant in the Dominican Republic. GB also runs a network of petrol stations in the Caribbean country through its GB Energy division.
“We believe that Jamaica is in a very good time right now,” Mauricio Pulido, Jamaica Country Head at GB Energy, told local newspaper, the Financial Gleaner. “We believe that to grow the country, we need to have more affordable materials to build.”
According to Pulido, plans for the plant are still “exploratory” and dependent on the results of feasibility studies and government approvals. Initial investment in the project would be around US$15 million.
Caribbean Cement, a subsidiary of CEMEX-controller, TCL Group, is currently the only cement producer in Jamaica, operating one integrated cement plant at Rockfort. GB began importing cement from its affiliate, Domicem, after the Jamaican government opened up the market ten years ago.
Read the article online at: https://www.worldcement.com/the-americas/23102018/haitian-company-could-built-cement-plant-in-jamaica/