Jul 2016 Financial News

Local cement exports up (Barbados)

Jul 27, 2016

ARAWAK CEMENT COMPANY Limited has registered its strongest export numbers in three years with a record-high of 20 000 tonnes in June.

The robust export figures followed a trend set in the first half of the year, when the company exported 90 000 tonnes, a 27 per cent accumulated increase in sales when compared to 2015.

General manager of the Arawak Cement Plant in Barbados, Manuel Toro, said in a release yesterday that the boost in export sales was a result of months of preparation and improvements to the Checker Hall, St Lucy operation.

“We completed various areas at our jetty to improve our cement loading rates, gain flexibility in bulk dispatches and mitigate dust emissions. [The improvements] have also allowed Arawak to receive bigger and more efficient ships, therefore increasing dispatch capacity,” he said.

Arawak Cement, the statement noted, continued to be the island’s third largest foreign exchange earner, with the product sold in Guyana, St Lucia, Grenada and Surinam. Toro observed that despite the uncertain fiscal environment, Arawak had identified opportunities in every economy of the region, which would not only sustain current export levels, but grow sales volumes in the coming years.

Concrete road pavements, efficient and affordable building solutions and resilient public infrastructure were but a few of the areas that Arawak will be focusing on to continue building its contribution to regional development, he said. (PR)

Source:
PR
Nation News
Wednesday July 27, 2016

http://www.nationnews.com/nationnews/news/83687/local-cement-exports