Bookmark Jamaica-Gleaner.com
Go-Jamaica Gleaner Classifieds Discover Jamaica Youth Link Jamaica
Business Directory Go Shopping inns of jamaica Local Communities

Home
Lead Stories
News
Business
Sport
Commentary
Letters
Entertainment
The Shipping Industry
International
The Star
E-Financial Gleaner
Overseas News
The Voice
Communities
Hospitality Jamaica
Google
Web
Jamaica- gleaner.com

Archives
1998 - Now (HTML)
1834 - Now (PDF)
Services
Find a Jamaican
Library
Live Radio
Weather
Subscriptions
News by E-mail
Newsletter
Print Subscriptions
Interactive
Chat
Dating & Love
Free Email
Guestbook
ScreenSavers
Submit a Letter
WebCam
Weekly Poll
About Us
Advertising
Gleaner Company
Contact Us
Other News
Stabroek News

Cement monopoly damaging Jamaica - Jamaica Labour Party
published: Tuesday | February 28, 2006

THE OPPOSITION Jamaica Labour Party (JLP) stated yesterday that a monopoly in the cement market is not in the interest of the Jamaican people.

Caribbean Cement Company benefits from a surcharge of 25.83 per cent on imported cement, bringing the total duty to 40.83 per cent. The protection was granted to allow the company sufficient market share to justify a major expansion which is taking place at the factory.

A US$100-million expansion and modernisation programme has been started. The major components of the programme are the construction of a new kiln and the expansion of the cement mill capacity. The five-year expansion and modernisation programme involves the construction of a new kiln to double the clinker capacity of the plant to 1.3 million tonnes and the cement capacity to two million tones.

The company on Friday announced an average 12.5 per cent price increase on cement products to cover the increased cost of food and fuel.

Opposition Senator Shirley Williams said the Government should remove the 25.83 per cent cement surtax and ensure quality standards at the company are maintained as there had been complaints about the product from users.

More Business



Print this Page

Letters to the Editor

Most Popular Stories






















Copyright 1997-2006 Gleaner Company Ltd.
Contact Us | Privacy Policy | Disclaimer | Letters to the Editor | Suggestions | Add our RSS feed
Home - Jamaica Gleaner