August 9, 2021
Caribbean Cement Company Limited (CCC) has advised that the Company has reached a decision to embark on an expansion project during the second half of 2022 to increase its production capacity by thirty percent (30%).
CCC currently produces and supplies over One Million Metric Tonnes (1,000,000 MT) of cement to the local market annually. The planned capacity upgrade is expected to increase CCC’s production by Three Hundred Thousand Metric Tonnes (300,000 MT). This planned capacity upgrade also involves the implementation of state-of the-art technologies which will introduce novel grinding additives to the manufacturing process to reduce the clinker content in the cement produced by CCC. In addition, this upgrade is intended to minimize CCC’s carbon footprint in Jamaica by optimisation of the heat consumption involved in the cement production process.
The total investment for this capacity upgrade is estimated at Thirty Million United States Dollars (US$30,000,000.00). This project is consistent with the Company’s overall growth plan and is intended to strengthen CCC’s ability to respond to local and export demand over the medium term.
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however, its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.