Consumers will have to pay more for TCL Guyana Incorporated cement from tomorrow.
The company considers the 9.4% increase as a “minimal price adjustment” and indicated in a press release that the change is exclusively premised on a raise in the price of bulk cement from the source.
According the release, parent company, Trinidad Cement Limited, TCL Guyana Inc.’s supplier, will be introducing a boost in price for all its cement brands with effect from January 1, 2012.
“It became critical for TCL to do so as a result of escalating production/operational costs with which the company has been faced for some time now, directly related to the depreciation of foreign exchange and the increasing price of natural gas and electricity,” the release stated. The company promises continued provision of superior quality products, which will remain competitively priced on the markets.
It emphasised its ongoing commitment and maintenance of national development, including its concessions to first time owners under the government’s low income earners housing initiative. These persons will continue to enjoy 20% discount offered by TCL Guyana Inc. in keeping with the company’s commitment to actively support Guyana’s construction sector.
