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Trinidad Cement Limited

The Trinidad Cement Limited Group was established in 1952 and is the leading producer of Cement and Ready-mix in the Caribbean. The company has subsidiary operations in Trinidad and Tobago, Jamaica, Barbados, Guyana and Anguilla, with 2.5 million tonnes per annum total cement capacity and with commercial activities in most of the Caribbean islands. The company is publicly traded on the Trinidad and Tobago Stock Exchange, and its subsidiary, Caribbean Cement Company Limited in Jamaica, is publicly traded on the Jamaica Stock Exchange.

In addition to lending facilities, a key benefit of the relationship has been improvements to TCL’s cash flow following the implementation of an invoice discounting facility. As a result, TCL enjoys extended repayment terms in lieu of First Citizens settling suppliers upfront on their behalf and subsequent repayment as agreed by both parties.

 

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