Latest update January 1st, 2025 1:00 AM
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TCL Cement Price Upped by 5%
TCL Guyana Inc. (TGI) has upped the ex-factory price of its Portland-Pozzolan Cement by a “minimal” five percent. The new price label became effective yesterday.
TGI Portland-Pozzolan Cement
TGI announced Tuesday, by way of a press release, that it has adjusted the price of its primary product due to the price changes by the parent company Trinidad Cement Ltd (TCL). The increase comes as a result of the continuously escalating costs in areas of production such as packaging.
In spite of that, TGI points out that the current price that is being implemented is comparatively low when taking into consideration the price on the global market.
The company maintained that the “minimum” adjustment to the cement price comes with the recognition that cement is a major component of Guyana’s economic growth. As a strong supporter of Guyana’s developmental goals, the offer to first time home owners of a twenty percent discount by the company under the Government’s low income earners housing initiative still applies.
The previous price increase was made in mid-July last year. The current hike in the price of TCL cement comes in the wake of the recent scarcity of stone, much to the disfavor of concerned home builders.
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