Trinidad Cement Limited (TCL) Company Overview
TCL was incorporated in Trinidad in 1951 and commenced production in 1954. Its primary activity is the manufacture of Portland Pozzolan Cement, Ordinary Portland Cement, as well as Class G High Sulphate Resistant (HSR) Oilwell Cement.
Website: www.tcl.co.tt
Share Distribution
Equity Structure
Until it was effectively privatised in 1990, TCL was wholly owned by the Government of Trinidad and Tobago (GOTT). The GOTT in 1994 divested 20% equity in TCL to Cemex S.A. De C.V. to facilitate the establishment of a strategic alliance. Presently, the company‘s ordinary shareholding is widely distributed among approximately 6,000 shareholders with Cemex being the single largest shareholder in TCL. In 1999, the GOTT completed its divestment of its shareholding to the National Insurance Board, the Trinidad and Tobago Unit Trust Corporation and the TCL Employee Share Ownership Plan (ESOP).
Raw Materials
Limestone is the primary raw material used in cement production and accounts for 95% of the finished product. TCL owns approximately 120 hectares of limestone reserves which, based on current annual extraction rates, are confirmed to last more than one hundred years. The other raw material used is gypsum which accounts for the remaining 5% content and is readily available.