Nov 2015 Financial News

Arawak Cement holding fast

Nov 30, 2015

The Arawak Cement Company may have just put scores of Barbadians on the breadline as part of a cost-cutting exercise and is currently facing local competition for the first time, but its future in Barbados is secure, say the company’s top officials.

Ricardo Garcia, the group strategic planning manager for the Trinidad-based TCL, parent company of Arawak, gave this assurance to the SUNDAY SUN in a recent interview.

General manger Rupert Greene, meanwhile, is convinced the company remains strong, even though its staff complement is now 156, the lowest number of people it has ever employed.

Garcia said the company plans to put its money where its mouth is by spending another BDS$20 million over the next three years to increase cement productivity and quality in Barbados, as well as doubling its export portfolio to the Eastern Caribbean.

Source:
BARRY ALLEYNE
Nation News
Sunday November 29, 2015

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