Finance Minister and acting Energy Minister Colm Imbert is happy that oil prices are rising which he said is positive for the economy of the country.
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$400m Abel Clay factory launched
ANSA McAL yesterday unveiled its $400 million investment in ABS division—Abel’s new clay factory located at Depot Road, Longdenville, Chaguanas. This factory is the largest and most modern clay facility in the Caribbean, as well as the single largest non-energy investment in the region. The new, cutting-edge facility is a significant development for the company which has been in clay block manufacturing for eight decades, earning the reputation for quality, variety and innovation.
Yesterday, ANSA McAL Group chairman A Norman Sabga joined with Prime Minister Kamla Persad-Bissessar, government ministers, hardware dealers, contractors and partners for the unveiling of the factory. Sabga committed the group, through ABS, to support and assist the community of Longdenville, in further development of the ABS Longdenville Sports Facility, to be managed by the community.
The shift to a new technologically-driven process allows Abel Clay to satisfy market demands for superior quality clay products, manufactured to local and international standards in line with required building specifications. The factory has created a platform for innovation and market expansion as Abel Clay now produces superior clay blocks with a faster, more efficient, operational and delivery process. The new system is flexible enough to easily switch production from horizontal four-inch clay blocks to vertical core six-inch blocks.