TGI tags June for normal cement supply as another shipment arrives
Guyana’s biggest supplier of cement, TCL Guyana Inc. (TGI), is aiming
to regularize the local market by next month even though industrial problems continue at its Trinidad base.
Yesterday, the company received 4,350 metric tonnes (MT) of cement and supplies are on target to meet the 17,000MT for this month, a statement said yesterday.
Following industrial relations problems from TGI’s source at Trinidad Cement Limited several weeks ago, there were reported shortages on the local market with price jumping more than $500 to $2,000 per bag.
Government had threatened local distributors that it will take actions if it discovered that there was hoarding.
TGI yesterday said that another 4000 MT is due to arrive over this weekend. A further 9100 MT is expected before the end of May.
Shipments have been originating at TGI’s sister companies within the region – Arawak Cement Company Limited in Barbados and Caribbean Cement Company Limited in Jamaica during industrial relations activity at the regular source, Trinidad Cement Limited (TCL).
TGI also insisted yesterday that its source company, TCL has continued to steadily ramp up its production and produced 26,634 MT in April, despite the strikes.
“The impasse is approaching the end of the 90-day period when either party (company or union) could request that the matter be referred to the industrial court for a ruling.”
TGI’s Plant Manager, Mark Bender, acknowledges that there was a supply shortfall in April in Guyana but signals a return to full market satisfaction going forward.
“We are relentless in our efforts to consistently supply our market and are working assiduously towards quickly attaining adequate supplies in the ensuing month.”
Bender also stressed that TGI has not increased its ex-factory price for either bulk or bagged cement and asked retailers to refrain from product hoarding and price gouging, all in the interest of the construction sector and the country’s overall economic development.
Guyana’s market demand currently stands at approximately 17,500MT per month.