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P a g e
TRINIDAD CEMENT LIMITED
SECTION 5: TCL COMPANY HISTORY AND PROFILE
(Continued)
For the year to date period in 2015, the Company has invested in some capital expenditure items which are
shown in the table below. The method of financing used in 2015 was internal cash reserves.
CAPEX
2015
Plant &
Machinery
TT$ M
Trinidad
2.20
Jamaica
1.33
Barbados
4.80
Total
8.33
5.2
BUSINESS OVERVIEW
The Company is the sole fully-integrated manufacturer of cement in the CARICOM, with a significant
operational presence in Trinidad and Tobago, Jamaica, Barbados, Anguilla and Guyana. The Company’s
products and services are mainly used in the construction industry, which is dependent on general macro-
and micro-economic variables including Gross Domestic Product (GDP), employment levels, infrastructure
spending and real income.
Demand for the Company’s products and services are generally cyclical, fluctuating with the movement in
GDP throughout business cycles.
Through a process of diversification and expansion, the Company has evolved from a single cement
manufacturing operation in Trinidad into a diversified group of companies with operations throughout the
Caribbean. Its primary activity is the manufacture and sale of TCL premium Portland Pozzolan Cement,
Ordinary Portland Cement as well as Class G, High Sulphate Resisting (HSR) and Oilwell Cement. The
Company’s operations are vertically integrated with end-to-end capabilities across the full cement supply
chain, from the extraction of raw materials at its quarries to the production of ready-mixed cement and
ancillary products.
The Company has been a manufacturer of cement in Trinidad since 1954, while its
Jamaica plant has been in operation since 1952. The Company’s Barbados cement plant began operations
in 1984. In addition to the manufacture and marketing of cement, the Company’s activities have grown to
include pre-mixed concrete, aggregates and packaging materials, serving markets spanning from northern
Brazil to the Bahamas.
With its history of successful projects, the Company believes it is well-positioned to capitalize on
Caribbean infrastructure spending and the resultant demand for cement. The Company believes that its
industry expertise, long-standing customer relationships and scale will enable the Company to remain a
leading producer and marketer of cement and ready-mixed products in the Caribbean.
5.2.1
Operations and Markets
Cement Manufacturing Segment
The Company owns three cement plants located in Trinidad, Jamaica and Barbados with combined output
of 1,889,143 tonnes for the 12 months ended December 31, 2014, an 80% utilization rate on capacity of
approximately 2.360M tonnes per annum. These plants produce for the domestic markets of each respective
host country as well as the export markets of the rest of the CARICOM region and other regional
territories.
