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Carib Cement posts $20 billion in revenues for 2020

Early curfew exemption aided 7% construction growth

Cargo Handlers buys stake in Buying House Cement

Mark Hart, chairman of Cargo Handlers Limited. Cargo Handlers Limited, CHL, has spent $100 million to acquire 30 per cent stake in Buying House Cement Limited, a cement importer based in Montego Bay that mostly supplies western Jamaica. Domicem, a company based in Dominican Republic, will continue to own 70 per cent of Buying House. The cement importer, according to CHL Chairman Mark Hart, holds about 10 per cent of the local cement market that is dominated by Caribbean Cement Company Limited as the only local manufacturer of the commodity. Caribbean Cement, which is also foreign owned by Cemex of Mexico, distributes under Carib Cement brand.

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