TCL Guyana Inc. (TGI) yesterday announced a 5 percent discount on all cement leaving the plant this month.
According to a release from the company, 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.
According to the release, after the announcement TGI Plant Manager Mark Bender said that “these are difficult economic times all over the world and it is important that we continue to stimulate development. The TGI price discount will help to stimulate activity as we approach the busiest construction period in the year on Guyana.”
The release said that the “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 than the current monthly demand in Guyana.
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 will commission a new cement mill this week that will increase milling capacity to 1.9 million tones 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, the release said.
