113 y-o Barbadian world’s second oldest man dies 12:07 PM
IMF head Lagarde in fraud probe 11:26 AM
Public Defender wants full disclosure from Member of Parliament 11:23 AM
IDB supports sustainable energy for rural electrification in Haiti 9:59 AM
Death of Belize babies linked to bacteria outbreak 8:40 AM
St Ann MP urges NWC to provide potable water 7:41 AM
Business
New cement plant to break ground this year
Camilo Thame Business co-ordinator thamec@jamaicaobserver.com
Sunday, July 15, 2012
Canadian outfit Cemcorp, which plans to operate here as Cement Jamaica, may break ground on its US$340 million cement plant in St Catherine before the year is out.
It hopes to get the final engineering designs to Chinese-based Sinoma International Engineering Company by mid-August.
"They (Sinoma) told us they would be ready (to start) within three months (after getting the final designs)," said Fitz Jackson, a representative of Cement Jamaica. He expects a November start, but that is if all the technical details are agreed on between the contractor, Sinoma, and Cemcorp.
The project went through a rigorous, 12-month approval process through the National Environment and Planning Agency (NEPA), and was given the green light last December, "with conditions".
"We are making amendments based on those conditions of the approval," said Jackson. "Bulding a cement plant is not like building a warehouse."
Sinoma may be backed by the Export-Import Bank of China for possible construction loans, even though that may change, according to Jackson, while the Canadian investors are finalising the financial structure of the project.
"We are finalising the roles of the different equity partners," he said.
The plant — which will have the capacity to produce 1.5 million tons of cement clinker (the key ingredient in cement) at a site in Port Esquivel, St Catherine — will take 24 to 30 months to build and commission.
Cement Jamaica will also build a 39-megawatt (MW) co-generation plant — a coal-fired power generation system with capacity of 30 MW and a waste heat recovery (WHR) system with capacity of nine MW. It also said that it found a more suitable clay deposit adjacent to the cement plant site than the existing clay mine in the Tarentum area of Clarendon, from which it planned to buy the raw material.
The company plans to acquire the gypsum it will use to mix with the clinker to make the cement from Caribbean Cement Company's operations at Rockfort, Kingston.
POST A COMMENT
HOUSE RULES
1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper – email addresses will not be published.
2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
4. Please do not write in block capitals since this makes your comment hard to read.
5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
7. Lastly, read our Terms and Conditions and Privacy Policy
Other Stories
IMF head Lagarde in fraud probe
Are the new telecoms licences up for sale too pricey?
JPS, ATL partner on energy-saving retail products
Fiction, Tracks & Records post losses
Colombia turning brain drain to gain
BCW Capital to raise $500-m for Caribbean Producers
Insurers keep underwriting profit...
Diageo — Cheers to you and yours!
Ex-Nokia employees unveil own smartphone
JPMorgan's CEO survives shareholder referendum
Housing recovery boosts Home Depot profit
Does France have right plan to revive its economy?
Best Buy reports loss on restructuring costs
Stocks gain on reassurance from a top Fed official


