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Caribbean Cement Company Limited (Jamaica)

Main Activities: Cement Manufacturing | Ready-Mix Concrete Manufacturing
Full name: Caribbean Cement Company Limited Profile Updated: March 26, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Caribbean Cement Company Limited (Carib Cement) is located in Kingston, Jamaica. It was incorporated in 1947 and began operations on January 28, 1952. The company produces and exports high-quality Portland cement using raw materials sourced from within ten miles of the plant. Carib Cement benefits from its location in Rockfort Kingston, which provides access to indigenous raw materials and a natural harbor for importing coal and exporting cement and minerals. The company has its own ports for shipping its products abroad. Carib Cement has undergone expansions over the years, increasing its clinker capacity to 600,000 tonnes. In 1999, Trinidad Cement Limited Group (TCL Group) acquired the majority shareholding in Carib Cement. In 2009, the company completed its Expansion and Modernization Program, expanding its plant capacity to 1.3 million tonnes of clinker per annum and 1.8 million tonnes of cement per annum. In 2015, CEMEX increased its shareholdings in TCL to 39.5% and further increased it to 69.83% in 2017. CEMEX is a global building materials company operating in over 50 countries.

Headquarters
Rockfort
Kingston; Kingston; Postal Code: 448

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Website: http://www.caribcement.com

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1952
Key Executives
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Chairman
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Managing Director
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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79%
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65.65%
Subsidiaries
Rockfort Mineral Bath Complex Ltd
100%
Qwi Investment Limited
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency JMD. Absolute financial data is included in the purchased report.
Net sales revenue
7.29%
Total operating revenue
6.94%
Operating profit (EBIT)
-5.59%
EBITDA
-4.05%
Net Profit (Loss) for the Period
3.58%
Total assets
9.88%
Total equity
20.03%
Operating Profit Margin (ROS)
-3.66%
Net Profit Margin
-0.72%
Return on Equity (ROE)
-3.69%
Debt to Equity Ratio
-2.96%
Quick Ratio
0.64%
Cash Ratio
0.65%

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