Caribbean Cement Company has decided to expand its plant during the second half of 2022 to increase its production capacity by thirty percent.
The company “currently produces and supplies over One Million Metric Tonnes (1,000,000 MT) of cement to the local market annually. The planned capacity upgrade is expected to increase CCCL’s production by Three Hundred Thousand Metric Tonnes,” the company disclosed in a release to the Jamaica Stock Exchange.
“This planned capacity upgrade also involves the implementation of state-of-the-art technologies which will introduce novel grinding additives to the manufacturing process to reduce the clinker content in the cement produced by [CCC]. In addition, this upgrade is intended to minimize Jamaica’s carbon footprint by optimizing the heat consumption involved in the cement production process”, the release from the company further stated.
“The total investment for this capacity upgrade is estimated at Thirty Million United States Dollars, the Company stated. The planned expansion comes against the background of a 33 percent rise in the sale of cement by the company in the June quarter following a 31 percent increase in the first quarter and complaints by some dealers about a shortage of cement in the local market at a time when demand is at an all-time high.
The company’s shares that are listed on the Jamaica Stock Exchange closed at $94.90.
30% Cement plant expansion on the blocks
August 9, 2021 by
