TCL slashes cement prices locally

Jul 09, 2009 News

TCL Guyana Inc (TGI) has announced a five per cent discount on cement leaving the plant as of this month. The discount in the TGI cement price comes as the company approaches the end of the rainy season in Guyana when construction projects intensify.
The price discount is being applied across the board so that at every level of construction activity, domestic, commercial, and public works, there would be benefits to be gained from using TGI cement.
In a press statement to the media, it was explained that the TGI price discount would help to stimulate activity as TCL move towards the busiest construction period in the year of Guyana.
TGI has significant stockpiles of cement in the plant in Georgetown with its silos filled almost to capacity and the warehouse holding significant stocks of bagged cement.
The TGI plant is able to produce in excess of 20,000 tonnes of cement each month, which is more that the current monthly demand in Guyana.
Speaking after the announcement, TGI Plant Manager, Mark Bender said that “these are difficult economic times all over the word and it is important that “we continue to stimulate development.”
Bender reiterated that TGI Cement delivers quality and experience in every bag and should be the preferred product demanded in Guyana “whether you are building a wall, a fence, a bridge, a home or a school.”
The announcement from TGI comes a day after another company in the TCL Group, Caribbean Cement Company in Jamaica, announced a discount in cement prices there in a clearance sale.
Caribbean Cement’s Marketing Manager, Alice Hyde, said that the sale is part of the company’s commitment to sharing the benefits of increased efficiencies of a more modern plant with its customers.
Caribbean Cement will commission a new cement mill this week that will increase milling capacity to 1.9 million tonnes per annum. Caribbean Cement exported more than 38,000 tonnes of cement this year with some of those exports coming to Guyana.
TCL Guyana Inc. is a cement bagging facility, which allows for bulk cement manufactured within the TCL Group to be shipped in specialised bulk carriers to the terminal where it is packaged for distribution throughout Guyana.
The TGI cement terminal began operations in December 2006 and was formally commissioned in June 2007.
TGI features three silos; each with a storage capacity of 2,000 tonnes and a warehouse with a storage capacity also of 2,000 tonnes giving a total stored inventory capacity of 8,000 tonnes.
The terminal is supplied with bulk cement from the group’s plants in Trinidad, Barbados and Jamaica. TGI is totally managed and staffed by Guyanese.

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TCL slashes cement prices locally

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