2006 - Eastern Caribbean Securities Exchange

Group Chief Executive Officer’s Report and Management Discussionof users in Jamaica due to the steep rise in fuelprices. Additionally, collection is ad hoc and CaribCement can only obtain approximately 25% of thequantity generated at present. In 2007, efforts will beintensified to double the quantity of used oils deliveredto Carib Cement.The Governments of Jamaica, Barbados and Trinidad& Tobago have all expressed interest in partneringwith the cement plants to establish a programme foran environmentally safe method of disposal of usedtyres and plastics in the kilns. However, the processto arrive at an agreement has been slow. There iscontinued optimism as discussions are still being heldwith the relevant Government Ministries.Optimisation Programmes: The Energy EfficiencyProgramme at Arawak Cement Company Limitedcontinued in 2006 with new transducers and powermeters being installed to improve accuracy and trackingof electrical power consumption. Although TCLconcentrated on fine-tuning the energy optimisationand efficiency target across its production circuits,shortfalls were recorded in projected energy savings.The programme will continue into 2007.5.2 Major ProjectsCCCL’s Kiln 5 ProjectFollowing the engineering and development phases inthe previous year for the construction of a new 2,800MTPD kiln, the Kiln 5 project progressed well during2006. Starting with a partially prepared site, theproject closed at year-end with most of the equipmenton site and the foundations near completion. Thisproject is scheduled for substantial completion by theend of 2007 and commissioning in early 2008.The proposed Capacity Expansion Programme willincrease CCCL’s annual clinker capacity by a net650,000 tonnes per annum to 1.3 million tonnesper annum, and enable cement production of 1.730