Carib Cement to spend US$1 million on equipment for packaging plant upgrade
Caribbean Cement Company says it will not change the price of bagged cement as it moves to regularise supplies amid a shortage that resulted from a malfunction at its packaging plant.
The cement manufacturer yesterday said it delivered 75,000 bags to the local market over the weekend.
It said another 80,000 bags were shipped directly to a local supplier.
Carib Cement says it expects that some one million bags of cement will be released into the local retail trade over the next month.
Corporate Communication and Public Relations Manager, Sophia Lowe Pinnock, says this should be adequate to satisfy local demands.
Meanwhile, she says the company will be spending US$1 million to purchase equipment to upgrade its packaging plant over the Easter weekend.
Lowe Pinnock says this is part of some US$18 million being spent by the company to carry out repairs and upgrading work at its Rockfort manufacturing facility.