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TRINIDAD Cement Ltd (TCL) has given customers a heads-up about a potential price increase once the proposed increase in natural gas prices is approved.
In a media statement on January 26, TCL general manager Gonzalo Rueda Castillo said natural gas is a critical input in cement manufacturing. He added that the company is awaiting the final determination of the National Gas Company's proposed gas hike expected on January 31.
"If the proposed gas price increase is confirmed, TCL will be required to adjust its cement price increase shortly after to account for this significant effect to ensure the continuity and sustainability of our business," the statement said.
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