Business
JAM | Nov 1, 2024

Carib Cement to resume exports to CARICOM by first half of 2025

/ Our Today

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Durrant Pate/ Contributor

Jamaica’s sole cement manufacturer, Carib Cement, which has not been able to supply domestic demand in the last few weeks, says it is now on track with expansion plans to resume exporting its products to the wider CARICOM market by the first half of 2025.

The current expansion programme, which will satisfy 100% of Jamaica’s cement market needs and allow for exports across CARICOM is well advanced and on track. In the meantime, Carib Cement continues to position itself to meet market demand, particularly in the western region of the island, seeking to capitalize on the major economic surge primarily driven by infrastructure development. 

The board and management advise shareholders in their latest quarterly report for the period ended September 30, 2024, “As we go into the final quarter of the year, we are committed to a return to pre–Hurricane Beryl supply which is another testament to the ongoing operational efficiency advancements being worked on by the company.” 

Prioritizing needs of the local market 

By actively engaging with stakeholders, Carib Cement has prioritized the needs of the local cement market and made strategic decisions that reflect its commitment to its interests. These include increased production and supply chain optimization.

“This has already begun paying dividends, resulting in a strengthening of product inflows into our islandwide depots, positioning the company robustly to meet market demands and reach inventory levels above our historical averages. Thus ensuring a sustainable supply. Our solidly built strategy, supported by effective management, focuses on making sound decisions that not only address current issues but also position us for the future,” the board and management advise.

The cement company is reiterating its commitment to building a stronger Jamaica whilst staying firm, expressing thanks for the trust and support of its esteemed stakeholders. 

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