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P a g e
TRINIDAD CEMENT LIMITED
SECTION 5: TCL COMPANY HISTORY AND PROFILE
(Continued)
5.1.2
Subsidiary Companies
o
TCL Ponsa Manufacturing Limited (TPM) was incorporated in Trinidad in 1995. Its primary activity is
the manufacture and sale of single use slings. It is also involved in the sale of jumbo bags, reusable
slings, safety harnesses and polypropylene sacks, as well as webbing for use in the furniture industry.
o
Readymix (West Indies) Limited (RML) was incorporated in Trinidad in 1961. Its primary activity is
the manufacture and sale of premixed concrete. In 1996, TCL acquired majority ownership of the
company. In 2002, RML acquired 60% shareholding in Premix and Precast Concrete Inc. in Barbados,
and in 2004, 100% of Island Concrete N.V. in St. Maarten and Island Concrete SARL in St. Martin.
The operations of the St. Maarten and St. Martin subsidiaries were discontinued in 2009 and
subsequently sold in 2011. In 2014, the Board took a decision to close Premix and Precast Concrete
Inc. RML currently operates five concrete plants in Trinidad and Tobago and is the premier supplier
of ready mixed concrete in this market. In 2014, the RML Group’s concrete sales totaled 144,426 M.
RML also operates its own quarries at Valencia, which supply all of the Company’s aggregate
requirements. The company operates in the following areas: Guanapo (head office, central dispatch
center, concrete batching plant, laboratory), Melajo, Valencia (quarry and wash plant) and operates
five (5) concrete batching plants.
o
Arawak Cement Company Limited (ACCL) was incorporated in Barbados in 1981 and was wholly
acquired by TCL in 1994. Its primary activity is the manufacture and sale of Ordinary Portland Cement
and Portland–Pozzolan Cement. Production of cement in 2014 was 220,127 tonnes. In December 1997,
the TCL Group purchased a lime plant adjacent to the ACCL plant. Its principal products are hydrated
& quick lime. Large quantities of quick lime are consumed in the steel industry, whereas hydrated lime
is the largest tonnage chemical used in the treatment of potable and industrial water supplies. Lime has
many other uses in the agricultural, glass, dairy products and chemical industries. Ultimately however,
the lime plant was mothballed in June 2010 due to the loss of some key customers, primarily Mittal.
ACCL commissioned the use of a new solid fuel supply system in 2007. Petcoke was identified as the
most economical and reliable alternative for kiln firing at ACCL after the curtailment of its Orimulsion
supply from Venezuela. The first year of operating the kiln using petcoke was 2008.
o
TCL Nevis Limited is a company incorporated and domiciled in the Island of Nevis on April 12, 1999
under the provisions of the Nevis Business Corporation Ordinance 1984 (as amended) and is a wholly
owned subsidiary of Trinidad Cement Limited. The Company is involved in the holding of investments
and in the provision of management services to related companies. The Company is the parent
company of Caribbean Cement Company Limited (CCCL), TCL Guyana Inc. and TCL Trading
Limited.
o
CCCL was incorporated in Jamaica in 1947 and was acquired by TCL (Nevis) Limited in 2008. CCCL
began commercial operations in 1952. Its primary activity is the manufacture and sale of Ordinary
Portland Cement and Portland-Pozzolan Cement. In 2008, CCCL commissioned a new pre calciner,
dry process kiln (Kiln 5), increasing the company’s clinker manufacturing capacity to 1.1 M tonnes
(the highest within the Group) and is now actively engaging in export sales of cement. One of CCCL’s
subsidiaries, Jamaica Gypsum & Quarries Limited (JGQ) is involved in the mining and sale of gypsum
and anhydrite and currently produces for internal consumption. The major assets of another subsidiary,
Caribbean Gypsum Company Limited are its gypsum/anhydrite quarry lands, which enhance the
reserve of raw material available to CCCL. Rockfort Mineral Bath Complex Limited is also a
subsidiary of CCCL. The volume of clinker exported from CCCL under the PetroCaribe Agreement to
Venezuela was 155,423 tonnes in 2014.
