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TCL Cement price goes up

Screen Shot 2014-07-08 at 6.51.10 PMTrinidad Cement Limited pushed up its price by 8.7%, and it could go higher, saying the current increase is part of its phased approach.

The company said the increase is a consequence of increased operating costs. Over the last year, the company said there has been increases in freight rates, the cost of spares, services and raw materials. It said that upward movement in foreign exchange rates has also had a significant negative impact.

In recognizing that cement is a major element of Guyana’s economic growth, Trinidad Cement said that the increase has been kept to a minimum. The company said it will maintain its offer of a twenty percent (20%) discount for first time home owners under the Government’s low-income earners housing initiative.

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