Carib Cement Expands Production Capacity  

 

• Caribbean Cement Company Limited (CCC) announced on Wednesday, August 24, 2022, the ground-breaking of its project to expand its production capacity. This expansion aims to increase CCCL’s cement capacity by up to 30% in Jamaica.
• Through its parent company Cemex, $4.6Bn (US$30Mn) will be spent to expand the plant in Kingston at the Rockfort-based facility.
• The expansion is expected to position the company to comfortably supply the Jamaican market in the coming years, while likely generating some spare capacity for export purposes according to Caribbean Cement General Manager Yago Castro.
• Management also believes the plant upgrade will enable CCC to produce more clinker and unleash the last portion of its cement production capacity drive from over one million tonnes to close to 1.4 million tonnes a year.
• The Rockfort plant is the sole manufacturer of cement, but a small portion of the market is supplied from imports. This planned increase will strengthen the self-sufficiency of the national cement industry, reduce dependency on cement imports, and reinforce Carib Cement’s ability to serve the growth of the construction sector in Jamaica and the Caribbean. This will also drive the company’s revenues and increase shareholder value.

(Sources: JSE and NCBCM Research)