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P a g e
TRINIDAD CEMENT LIMITED
SECTION 5: TCL COMPANY HISTORY AND PROFILE
(Continued)
o
Trinidad:
The Company’s operations in Trinidad produce ordinary Portland, oilwell and sulphate
resistant cement, with an annual design capacity of approximately 900,000 tonnes of cement. The
operations also produce clinker, an intermediate product in the manufacture of cement, by two wet
process kilns that were installed in 1983 and 1996, respectively. The Company mines limestone, the
basic raw material essential for the manufacture of cement, for its Trinidad operations from lands
owned by the Company, which the Company believes will provide sufficient production supply for
over the next 50 years. The main fuel for the kilns is natural gas that is supplied under a multi-year
contract with The National Gas Company of Trinidad and Tobago Limited, which is currently being
re-negotiated.
o
Jamaica:
The Company is the sole integrated manufacturer in Jamaica, operating in the country
through its subsidiary CCCL. With an annual design capacity of approximately 1.1M tonnes, pursuant
to the Company’s expected five year production plan, the Jamaican operations produce mostly
ordinary Portland cement. CCCL mines limestone on lands leased from the government of Jamaica
which the Company believes will provide sufficient production supply for the next 35 years. The
Jamaican kiln, commissioned in 2009 in connection with the Company’s modernization program,
operates using the latest dry process technology in the production of cement. The Company’s approach
to securing key inputs is to obtain energy for the kiln from coal and crude oil with coal supplies
generally secured six months in advance. Approximately 72%
of CCCL’s 2014 cement production was
sold in the Jamaican market while the remainder is exported to regional markets in the form of cement
and clinker.
o
Barbados:
The Company is the sole manufacturer and supplier of cement in the Barbados market,
operating in the country through its subsidiary ACCL. The Barbados operations produce mostly
ordinary Portland cement and the plant has an annual design capacity of approximately 360,000
tonnes. ACCL’s only cement kiln in Barbados uses petcoke as the primary input for fuel to convert
limestone to clinker. ACCL’s approach to securing key inputs is to obtain petcoke supplies generally
six months in advance, with limestone mined from lands that ACCL owns, which the Company
believes will provide sufficient production supply for the next 30 years. Two-thirds of ACCL’s
Barbados production is currently exported, serving mainly the regions of Guyana, Suriname and other
islands of the eastern and northern Caribbean.
Packaging Manufacturing Segment
The Company has two packaging subsidiaries: TCL Packaging Limited (TPL) and TCL Ponsa
Manufacturing Limited (TPM). These companies were primarily established to meet internal packaging
needs, although some packaging is sold to third parties.
TPL has an annual design capacity of 37.5 M sacks and manufactures mainly multi-walled paper sacks and
single ply paper bags. TPL was established on a joint-venture basis with Dipeco of Switzerland, which
holds a 20% interest in TPL. Raw paper, the major input in the production of the Company’s sacks and
bags, is imported from North America and Europe.
TPM has an annual design capacity of approximately 450,000 slings and manufactures primarily
polypropylene slings. TPM was established on a joint-venture basis with Industrias Ponsa S.A. of Spain,
which holds a 35% interest in TPM. TPM’s products are used for loading heavy items onto transport
carriers such as ships and trucks. The basic input raw material is imported from the joint venture partner
and manufactured into slings at the TPM's facilities in a tax free zone in Point Lisas, Trinidad.
