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News Trinidad Cement reports decline in Barbados market

Trinidad Cement reports decline in Barbados market

Written by Global Cement staff 09 May 2024
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Barbados: Trinidad Cement, owners of Arawak Cement Company, noted a decline in the Barbados cement market in 2023, according to its annual report.

Managing director Francisco Aguilera Mendoza said "In Barbados, the overall market declined by 14.3%, of which Arawak Cement Company experienced a decline of 8.8% in domestic cement volumes compared to 2022. Trinidad and Tobago’s cement export volume fell by almost 11% when compared to 2022, due to supply chain constraints and an increase in the local market demand. This drop in cement exports was almost fully compensated by our clinker exports to Barbados that started in 2023 after Arawak Cement’s change in its operating model.”

Last modified on 14 May 2024
Published in Global Cement News
Tagged under
  • Barbados
  • Trinidad Cement
  • Trinidad & Tobago
  • Arawak Cement Limited
  • Report
  • decline
  • volumes
  • Export
  • Clinker
  • GCW659
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