The construction sector in Trinidad and Tobago is grappling with new challenges as material costs rise and a major closure in the industry looms. Trinidad Cement Limited (TCL) has announced that its subsidiary, Readymix West Indies Limited, a significant supplier of pre-mixed concrete, sand, and gravel, is set to close operations permanently on March 31, 2026. The decision comes despite an improved financial performance from Readymix in 2024. The closure will likely disrupt the supply chain for building materials in the country. Simultaneously, contractors are anticipating higher material costs as ABEL Building Solutions has announced a price hike for classic clay blocks, citing rising production costs. The dual impact of supply changes and increased material costs threatens to affect building timelines, project costs, and housing development in the coming months.
Follow us on Instagram: @news.tringlobe
