Caribbean Cement Achieves Record Year Driven by Major Expansion
Caribbean Cement Company Limited (CCC) experienced its best financial year in 2025. This success was fueled by increased cement volumes. A significant capacity expansion project was key to this achievement.
CCC’s parent company, Cemex, reported this news. Cemex is a global leader in building materials. The company noted record operating EBITDA for its Jamaican operations. Cement volumes in Jamaica rose by seven percent.
This growth was mainly driven by two sectors. Tourism-related construction projects were a major factor. Residential building activities also contributed significantly.
Expansion Project Boosts Local Production and Margins
A crucial element of CCC’s success was its US$42 million kiln debottlenecking project. This project was completed in the third quarter of 2025. It allowed CCC to increase its production capacity.
The expansion enabled the company to replace imported cement. Previously, lower-margin imported cement was used. Now, CCC produces higher-value cement locally. This shift improved profit margins. The project also enhanced efficiency and sustainability.
Prime Minister Andrew Holness highlighted the project’s importance. He stated that investing in factories strengthens national development. He also noted the potential for increased exports. Minister of Industry, Investment, and Commerce Aubyn Hill emphasized keeping jobs in Jamaica.
Key Milestones in 2025
Caribbean Cement reached peak production levels in July 2025. The company also resumed cement exports later in the year. Shipments were sent to Curaçao. This marked a return to regional markets.
The company’s performance stood out within Cemex’s larger segment. This segment covers South, Central America, and the Caribbean. The Caribbean sub-region contributed significantly to segment EBITDA.
Driving Factors for Growth
Several factors contributed to the strong business performance. The expansion project allowed for the substitution of imports. Savings were also realized from internal efficiency programs. Demand conditions improved in both Colombia and Jamaica.
Furthermore, weather conditions in the third quarter of 2025 were more favorable. This contrasted with the previous year, which saw heavy rainfall. Hurricane Melissa did impact the region. However, CCC maintained robust inventory levels. This ensured no disruption to supply chains.
Future Outlook and Regional Impact
Cemex expressed optimism for the region’s medium-term outlook. Improved consumer sentiment is expected. A recovery in formal construction is also anticipated. This should drive further demand for building materials.
The company expects continued growth. Projected price increases for building materials are in the low single digits. Cemex is also focused on decarbonization efforts. Operations in Mexico and the Caribbean achieved record clinker factor levels.
The news highlights a positive business trend for the Caribbean. It shows the impact of strategic investments. This is a significant development for Jamaica’s economy and its role in regional trade. The company’s news demonstrates strong forward momentum.