PORT OF SPAIN, Trinidad, CMC – The Trinidad Cement Limited (TCL) says it has achieved a record in July by generating close to four million US dollars in foreign exchange, the highest export revenue in the company’s history.
TCL said it has also achieved a 44 per cent increase in overall monthly average export revenue for January to July 2025 compared to the same period in 2024 and that “these achievements not only demonstrate TCL’s production capabilities but also contribute to the country’s foreign exchange earnings, reinforcing the company’s position as a key player in the TT manufacturing sector”.
TCL is majority-owned by CEMEX, a Mexican-based company, which has a 70 per cent ownership stake in TCL
TCL General Manager Gonzalo Rueda Castillo says the new export record stands as a testament to the company’s broader agenda of building a resilient, inclusive, and sustainable local cement industry, and reflects a holistic approach to success — one that includes a commitment from and to its people.
“We applaud all our employees for this tremendous achievement. It shows their dedication to our shared goals of national development, operational excellence, and strategic market expansion – consistently ensuring that we satisfy the rising demand for the TCL cement brand across regional markets.”
TCL said it exports sustainable, lower CO₂ products than ordinary Portland cements, reducing the carbon footprint not just in Trinidad and Tobago but across the company’s CARICOM markets.
By supplying high-quality cement to islands across the Caribbean, TCL said it is fostering regional infrastructural development, supporting ongoing construction projects, and strengthening economic ties among neighbouring countries.
“Building on the momentum from July 2025, TCL is dedicated to further expanding its market reach, enhancing product offerings, and strengthening relationships with the company’s customers and other stakeholders across the Caribbean.”
In its financial report for the year ending December 31, 2024, TCL reported a profit after tax of TT$216.4 million (One TT dollar equals 0.16 cents), an increase over the same period the previous year when it earned TT$170.1 million.
The annual report also noted that the company earned US$85 million in forex earnings between 2022 and 2024.
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