Cemex Lends Caribbean Cement $102m for Asset Repurchase

Caribbean Cement Co. signed two loan agreements valued at $102 million for the repurchase of assets on its grounds at Rockfort in Kingston, Jamaica, reported The Gleaner. The loans will mainly pay for the acquisition of Kiln 5 and Mill 5 as initially laid out in an equipment sale and purchase agreement dated April 27.

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TCL Reports $49m Operation Loss for 2017

Trinidad Cement Ltd. (TCL) recorded group earnings before interest, taxes, depreciation and loss on disposal of property, plant and equipment and restructuring costs of $313 million compared to $464 million in 2016, according to the Trinidad Guardian.

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GCCA Elects Board Members

The 10 founding members of the Global Cement and Concrete Association (GCCA) met late last month to formally launch the association. At an event in London, members appointed Albert Manifold, chief executive of CRH plc, as president and Fernando A. González, chief executive of Cemex, and Jianglin Cao, chief executive of CNBM, as vice-presidents. The association will focus on global construction challenges and promote leadership in the manufacture and use of cement and concrete.

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