The TCL Group has entered into a long-term agreement with the WIN Group of Haiti for the establishment and operation of a cement terminal on approximately five acres of land at Terminal Varreux in Port-au-Prince. A statement from TCL said the effects of the January 12, 2010 earthquake stimulated tremendous support from the Caribbean Community, and the TCL Group, being the largest supplier of cement to Caricom, of which Haiti is a member, was determined to make a more fundamental investment in Haiti and significantly assist in the massive reconstruction efforts required, in particular at Port-au-Prince.
The project has been in the planning process over the last year and included important pillars for sustainability and growth beyond the country's immediate requirements, including the group's decision to work with the reputable, well-established Haitian conglomerate WIN Group. WIN Group's companies are some of the oldest and longest operating corporations in Haiti and are currently involved in related as well as diverse industries such as port operations, petroleum storage, diversified warehousing and industrial parks.
Phase One of the project will see the establishment of a Cement Warehouse Facility/Operation within six months for the supply of bagged cement (42.5kgs) originating at Caribbean Cement Company Limited (CCCL), the TCL Group's operation in Jamaica, while further evaluation of a cement bagging terminal is actively pursued. Phase Two will be the establishment of a 400,000mt Cement Terminal over three to four years, contingent on demand-supply dynamics and the completion of a detailed engineering and feasibility evaluation. Bulk cement will then be imported from CCCL via dedicated cement carriers and packaged in 42.5kg and jumbo bags at the upgraded facility to satisfy the needs of customers.
