Cemex Affiliate Signs Agreement with Trinidad Cement

Trinidad Cement Limited (TCL), who was recently approved to remove a 20 percent restriction on shareholding, has signed a subscription agreement with Sierra Trading, an affiliate of Cemex, reported the Trinidad Guardian. Under the agreement, Sierra will participate in TCL’s upcoming rights issue and has committed to additional capital via an agreement to underwrite the raising of capital up to…

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McInnis Cement, CQDE Create Environmental Subcommittee

McInnis Cement announced an agreement was reached with Centre Québécois du Droit de l’Environnement (CQDE) in regards to the proceedings filed last August against the Environment Minister, aimed at invalidating McInnis Cement’s authorization certificate for the cement plant project in Port-Daniel-Gascons, Quebec. The CQDE has withdrawn from this legal action, instead agreeing to alternative measures with McInnis Cement, which includes…

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