The Haiti-based Gilbert Bigio Group (GB Group) is planning to build a cement plant in Jamaica, a market it already serves thanks to imports from its Domicem subsidiary, a Dominican cement plant. GB Group also operates a network of service stations in the Caribbean country through its "GB Energy" division.

"We believe that Jamaica is in a very good time right now," said Mauricio Pulido, Jamaica Country Head at GB Energy "We believe that to grow the country, we need to have more affordable materials to build."

According to Pulido, the plant's plans are still at the "exploratory" stage and depend on the results of feasibility studies and government approvals. The initial investment in the project would be approximately $15 million.

It should be noted that Caribbean Cement, a subsidiary of CEMEX-controller, TCL Group, is currently the only cement producer in Jamaica to operate an integrated cement plant in Rockfort. For its part, GB Group began importing cement from its subsidiary Domicem, after the opening of the market by the Jamaican government 10 years ago.

About GB Group :

GB Group is a leading, diversified group of industrial and trading companies in the Caribbean, with operations concentrated in Haiti, Dominican Republic, Jamaica and St. Maarten and offices in the United States. Comprised of 21 companies from seven different divisions including agriculture, construction, consumer goods, infrastructure, energy, logistics and trading, GB Group collaborates with more than 4,000 employees and embraces managers from more than 15 countries companywide. GB Group and its operating companies have strategic alliances and/or partnerships with some the world’s top business organizations. The company’s current endeavors include the $200 million Lafito Global project, which includes Port Lafito, Haiti’s first Panamax port. https://www.haitilibre.com/en/news-14398-haiti-economy-inauguration-of-the-new-world-class-port-lafito.html

See also :

https://www.haitilibre.com/en/news-16278-haiti-economy-gb-group-sold-its-interests-in-the-dinasa.html

https://www.haitilibre.com/en/news-14398-haiti-economy-inauguration-of-the-new-world-class-port-lafito.html

https://www.haitilibre.com/en/news-7093-haiti-economy-gb-group-made-a-major-acquisition-in-the-petroleum-sector.html

https://www.haitilibre.com/en/news-4155-haiti-economy-gb-group-acquires-224-texaco-service-station.html

HL/ HaitiLibre