2006 - Eastern Caribbean Securities Exchange

Group Chief Executive Officer’s Report and Management Discussionmillion tonnes per annum. The programme willlead to significant improvements in efficiency andenvironmental performance.CCCL’s Cement Capacity Upgrade (CCU) ProjectThe Kiln 5 project is to be followed by the CCUproject, which will bring cement-grinding capacity insync with the new clinker production level to meetmarket requirements. The preliminary engineeringfor this project has already been completed andmajor equipment is on order. During 2007, detailedengineering and contract preparation will be completedto enable the start of construction in January 2008.The project’s schedule has been deliberately set toavoid “peaking” of financial and human resourcesrequirements in parallel with the Kiln 5 project.Completion is anticipated by the end of 2008.of several pieces of mechanical equipment including amill, conveyor, fan and hopper along with the relevantstructural works and the construction of the buildingto house the mill. The Environmental ProtectionUnit of the Government granted its approval ofthe project in January 2006 and by year-end, PentaEngineering in the U.S. had substantially completed thedetailed engineering with orders placed for all majorequipment. The project is scheduled for completionby the end of July 2007.6.0 Our Focus On PeopleDuring 2006, the Group’s Human Resources teamfocused on industrial/employee relations and trainingand human capital development.Diagram of proposed mill atCarib Cement Company Limited, JamaicaACCL’s Pet Coke ConversionPet Coke has been identified as the most economicaland immediately available alternative for kilnfiring at Arawak, in light of the imminent end ofOrimulsion supply. In accordance with the VenezuelanGovernment’s policy, this will require the installationThe major areas of training focus in the Group for 2006targeted leadership and managerial development,with specific reference to the continuing ExecutiveDevelopment initiative, as well as functional managerialexposure in the area of HRM. Additionally, subsidiariesfocused on training in Occupational Safety and Health,cement mill upgrade competency development,skills training at CCCL within the Artisan trainingprogramme, as well as related supervisory leadershipand team building initiatives. The Group completed atotal of 4,266 man-days of training for all subsidiariesas compared to 3,672 in 2005. The 2006/07 StarProgramme kicked off in September 2006, witheighteen participants being selected from across theGroup and eleven mentors identified to move theprogramme forward into its mentoring phase. Thefocus for the first leg was in the areas of StrategicLeadership and Management, Corporate Governanceand Business Ethics, Communications, Diversity andthe Transformed Business Environment, Innovationand Problem Solving, Marketing, Personal Mastery aswell as Image Management and Etiquette.The internal industrial relations climate was relativelystable across the Group, with no major disruptionsAnnual Report 200631