TCL makes 15 per cent increase in revenue
TCL cement in stock at Pariagh s Hardware Ltd, Chaguanas. Photo by Jeff K Mayers -
Trinidad Cement Limited (TCL) posted a 19 per cent increase in the first quarter of 2021 as compared to last year.
In its consolidated unaudited financial report, TCL said it recorded $493 million in consolidated revenue from continuing operations in the first quarter of 2021 as compared to the first quarter of 2020.
Director Francisco Aguilera Mendoza attributed the increase in cement sales in TT and Jamaica. “The TCL Group’s favourable financial results over the last few quarters, coupled with continuing strength of cement demand in April month to date, led to a more optimistic outlook than previous quarters.
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Retrenched workers protest outside TCL
Monday 22 February 2021
Retrenched workers including, (fourth from right) Nigel Ifill, Senior Operator at Packaging, Trinidad Cement Limited, held a protest at the company s carpark on Monday morning. Photos by Marvin Hamilton
Retrenched workers of Trinidad Packaging Ltd (TPL), a subsidiary of Trinidad Cement Ltd (TCL), protested on Monday morning, calling for the immediate payments of outstanding money.
From around 8 am, a small group gathered at the front of the TCL plant at the Southern Main Road in Claxton Bay. One placard read, Sent home with no money, and another, TPL now, who next?
Speaking on behalf of the 40-plus retrenched workers, former senior operator Nigel Ifill accused the company of breaking its promise to pay off the retrenched group.
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