Sunday, December 17, 2017

TCL must explain

Here we go again. A domestic monopoly holds the public to ransom. A 9.5 per cent price increase for cement.

There was a 6.5 per cent increase in 2008 and also in 2009. There was a 7 per cent increase in December 2011. That gives us a total of a 29.5 per cent increase in the last six years.

Can we get clearly from Trinidad Cement Limited (TCL) why we are getting these increases?

What drives these increases? From the outside one cannot say with certainty that it's just labour costs but that's undoubtedly a catalyst.

Cemex, the Mexican world player in cement production, has tried to buy TCL twice. TCL fought well and was able to keep the company local. With these increases TCL should be preparing for a third round of takeover bids. Will the public choose to show TCL the empathy that it did twice before?

TCL has a responsibility to its shareholders and workers and the T&T public.

Marlon Bernard

via e-mail