Caribbean Cement Company Limited
 

Carib Cement Corporate Profile

Caribbean Cement Company Limited, the only manufacturer of portland cement in Jamaica, produces consistently high quality cement using all indigenous materials.

 

Caribbean Cement Company Limited (Carib Cement), located in Rockfort, Kingston, has been producing a consistently high quality of portland cement using one hundred percent Jamaican raw materials since 1952. The raw materials used in the manufacturing process are all mined within ten miles of the plant. Carib Cement Company has, as a subsidiary company, Jamaica Gypsum and Quarries Limited (JGQ), which supplies the Company with the gypsum used in the manufacture of its cement. The Company exports its surplus gypsum and boasts of its own ports for the shipment abroad of both its cement and gypsum.

The plant is nestled in the foothills of the Blue Mountain Range. In 2009, the plant produced 742,208 tonnes of clinker and 736,560 tonnes of cement. The Company recently commissioned a new state-of-the-art Kiln - Kiln 5 and Cement Mill - Mill 5, bringing Carib Cement's clinker manufacturing capacity to 1.3 million tonnes and cement manufacturing capacity to 2 million tonnes per annum.

It is a major contributor to the Jamaican economy and employs over 300 persons.

Over 90% of structures present in Jamaica today were built using Carib Cement as it is commonly known.

Caribbean Cement Company Limited... A Committment to More than Just Cement

 


Our Mission Statement

Caribbean Cement Company Limited, a member of the TCL Group of Companies, is committed to meeting the needs of its customers by providing high quality building solutions in an environmentally friendly manner, through a  competent, inspired and motivated team thereby achieving the financial objectives of its shareholders, whilst adding value to the community.

Our Vision

  • The environment is free from fear and crime, workplace is happy and energized and our operations have minimal negative impact on the environment.
  • Everyone shares a culture of service, quality and performance where our word is our bond and promises are kept.
  • All our stakeholders are satisfied and proud of their association with the Company which is seen to be emulated for its honesty, fair play and the ethical behavior demonstrated.
  • The Company's financial performance exceeds the expectations of its shareholders and strong, sustained growth is maintained.

 

Our Core Values - GRIPP

Generating  

Offers new ideas and new solutions. Takes the initiatve.  

 

Willingly embraces new and different ways of doing (curve jumping).

 

Builds trust, embraces with tolerance differences in culture, race, gender, age, educational level, opinions or ideas.

   
 Respect

Thinks about the impact of own words and actions on others.

 

Is honest, empathetic, and communicates authentically and contextually.

 

Leads by example.

   
 Integrity

Acts decisively with fair play and equity. No double-speak or curry favour. 

 

Accepts no bribes, operates transparently and in a clean and open manner.

   
 Professionalism

Challenges assumptions and welcomes alternative views. 

 

Displays concerns about wellness, health, security and the environment.

 

Engages work and others with zest and a combination to succeed.

 

Loves people. Loves work. Loves the business.

 

Understands the mission and is happily guided by its tenets.

 

Does not seek short term gains at the expense of good customer relations.

   
 Passion

Displays sensitivity to customer perspectives or needs.

 

Seeks input from external or internal customers.

 

Listens and responds promptly to customer requests.

 

 

 

 

 

 

 

 

 


Corporate Data

Rockfort Mineral Bath Management Office
Mailing Address: c/o Caribbean Cement Company Limited, P.O Box 448, Kingston
Telephone: 9386551/9385055 Fax: 9386551
Email: rockfort.complex@gmail.com

CARIBBEAN CEMENT COMPANY LIMITED
Registered Office: Rockfort, Kingston
Postal Address: P.O. Box 448, Kingston
Tel: (876) 928 6232-5 Fax: (876) 928 7381
Email: info@caribcement.com

BOARD OF DIRECTORS
Mr. Parris A. Lyew-Ayee - Chairman
Mr. Luis Gilberto Ali Moya
Mr. Hollis N. Hosein
Mr. José Luis Seijo González

COMPANY SECRETARY
Mrs. Makeda Ramgeet-Baugh

BUSINESS UNITS
Jamaica Gypsum & Quarries Limited, Harbour Head
Rockfort Mineral Bath Complex Limited, Rockfort
Caribbean Gypsum Company Limited, Rockfort

ATTORNEYS-AT-LAW
Dunn Cox, 48 Duke Street, Kingston
Rattray Patterson Rattray, 24-26 Grenada Crescent, Kingston 5
Michael Hylton & Associates, 11a Oxford Road, Kingston 5

AUDITORS
Ernst & Young, 8 Oliver Road, Kingston 8

BANKERS
Bank of Nova Scotia Jamaica Ltd.
Citibank, N.A.
National Commercial Bank Jamaica Ltd.
RBC Royal Bank

REGISTRAR & TRANSFER AGENT
Pan Caribbean Merchant Bank
60 Knutsford Boulevard
Kingston 5
Tel: (876) 929 5583

 


Board Sub Committee

Audit Committee
Members:
Mr. H. Hosein - Chairperson
Mr. P. A. Lyew-Ayee
Mr. Alejandro Varés

 

Objectives of the Board Audit Committee

 To increase the credibility and objectivity of financial reports;

  • To ensure that an effective system of internal controls is established and maintained by the Company;
  • To help Directors meet their responsibilities, especially for accountability;
  • To strengthen the role of the outside Directors by facilitating in-depth discussions between Directors on the Committee, management and external auditors;
  • To provide better communication between Directors and external auditors.

 
 


 

Corporate Governance

The Corporate Governance Committee was established on March 4, 2005 by Trinidad Cement Limited, parent company of Caribbean Cement Company Limited to provide guidance and assistance to the Subsidiary Board of Directors in respect of the following matters:

  • Identifying individuals qualified to become members of the company's Board of Directors and proposing such candidates for election by the Board to fill any casual vacancies or by shareholders at Annual or Special Meetings
  • Developing and recommending to the Board of Directors, corporate governance guidelines addressing the following subjects:

  (i) Director qualification standards
 (ii) Director responsibilities
(iii) Director access to management and as necessary and appropriate, independent advisors
(iv) Non-employee director compensation
 (v) Director orientation and continuing education
(vi) Management succession

  • Overseeing of the company's financial policies and strategies
  • Overseeing of the company's risk management functions
  • Recommending as and when required individuals to serve as committee members and chairmen.
  • Considering and reporting to the Board on any issues relating to conflicts of interest of Board members.
  • Developing a code of ethics and expectations for Board Members and Officers.
  • Recommending processes for annual evaluation of the performance of the Board and Board Committees and overseeing the annual evaluation.

Annually reviewing the adequacy of this charter and recommending any proposed changes to the Board for approval.
     

 Click here for the TCL Group Corporate Governance Policy.


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