Trinidad Cement Limited (TCL) says rising production costs continue to affect its operations, as the company navigates ongoing pressures faced by manufacturers across the sector.
In a release, TCL says increases in raw materials, packaging and general inflation have contributed to higher operating expenses over recent months.
The company says it is now monitoring a proposed increase in natural gas prices by the National Gas Company since natural gas is a key input in cement manufacturing.
TCL has indicated it does not support the proposed increase and remains engaged in discussions with relevant stakeholders. However, the company notes that if the increase is approved, it could have a significant impact on production costs.
Despite the challenges, the company says it remains committed to supporting the construction sector and contributing to the national economy.
A final decision on pricing is expected by January 31st.