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P a g e
TRINIDAD CEMENT LIMITED
SECTION 5: TCL COMPANY HISTORY AND PROFILE
(Continued)
o
TCL Guyana Inc. (TGI) was incorporated in 2004 and is involved in the packaging of bulk cement for
sale on the Guyanese market. Its operations directly and tangibly benefit the Guyanese people and
economy with the creation of jobs, transfer of technology, net savings on foreign exchange outflow,
provision of a reliable cement supply to facilitate infra-structural developments, the potential for more
competitive cement pricing and the potential for downstream investments.
o
TCL Trading Limited (TTL), a wholly owned subsidiary of TCL (Nevis) Limited, was incorporated in
Anguilla in 1997. Its primary activity is trading in cement and related products. TTL is engaged in the
marketing and sale of cement to the TCL Group‘s export markets. Today, the TCL Group is the
leading producer and marketer of cement and ready-mix products in the Caribbean.
o
TCL Service Limited is a company incorporated in the Island of Nevis on July 22, 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 engaged in the provision of financial and
management services to related companies. In 2004, the Company sold its plant assets to its Parent
Company and liquidated its loan obligation. There have been no trading activities since 2004.
o
TCL Leasing Limited is a company resident and incorporated in Trinidad and Tobago on May 6, 1999
and is a wholly owned subsidiary of Trinidad Cement Limited. The Company is engaged in the
business of property ownership and leasing.
5.1.3 Capital expenditure
Over the last three (3) years, the Company has made a number of capex investments which are captured in
the table below.
Capex
Land & Buildings
TT$ M
Plant &
Machinery
TT$ M
Office Furniture &
Equipment
TT$ M
Total TT$ M
2012
6.71
70.13
1.07
77.91
2013
2.55
66.73
4.68
73.96
2014
3.50
71.50
2.72
77.72
During the last three (3) fiscal years, the Company has divested or closed the following subsidiary
companies and/or divisions as follows:
Year
Entity
Comments
2014
Premix and Precast
Concrete Inc.
Amount written off: $0.925 M.
2014
New business
venture in Haiti
The Company entered into a lease agreement with the
intention to commence business operations in Haiti. In
November 2014, the Company took a decision to write off
the investment in pre-incorporation expenses for business
venture in Haiti. The total amount written off was $3.12M.
2013
Lime Plant (a
division of ACCL)
There was no production at the Lime Plant in 2013, which
was fully impaired in that year. The amount written off
was $0.667M.
