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Trinidad Ce­ment Lim­it­ed (TCL) has ad­vised the Trinidad and To­ba­go Stock Ex­change that its sub­sidiary, Readymix (West In­dies) Lim­it­ed (RML), will per­ma­nent­ly shut down its ag­gre­gates and ready-mix op­er­a­tions with ef­fect from March 31, 2026.

The dis­clo­sure fol­lows a writ­ten res­o­lu­tion ap­proved by RML’s board on Ash Wednes­day, in which di­rec­tors unan­i­mous­ly agreed to wind up the sub­sidiary af­ter re­view­ing its per­for­mance and out­look.

Re­spond­ing to queries yes­ter­day in a state­ment, TCL said, “This de­ci­sion fol­lows an ex­ten­sive busi­ness eval­u­a­tion, ini­ti­at­ed in re­sponse to de­creased sales, es­ca­lat­ing op­er­a­tional costs and in­creased cap­i­tal ex­pen­di­ture re­quire­ments that have ad­verse­ly af­fect­ed the com­pa­ny’s prof­itabil­i­ty.”