.png)
TCL Guyana Inc. (TGI) has announced a minimal adjustment of 5% on the ex-factory price of TGI Portland-Pozzolan Cement that will take effect from today, May 1, 2013.
According to a press release, this price movement forms part of a deliberate pricing strategy, which was designed by TGI to minimize the impact of a large one-off increase on the market. The previous one was implemented mid-July, 2012. The current adjustment is largely predicated on a price change by the parent company and bulk supplier TCL, which not unlike other manufacturers, has been continuously faced with substantial increases in major cost components. More recently, escalations of 26% in spares and 12% in packaging, have been impacting its cost profile in spite of improved operational efficiencies.
TGI, in recognizing that cement is a major element of Guyana’s economic growth, has kept the adjustment to a minimum and is pleased to state that its price still remains at the lower end of the tier when compared to a global context.
Also in strong support of Guyana’s developmental goals, TGI is pleased to state that it will maintain its offer of a twenty percent (20%) discount for first time home owners under the Government’s low-income earners housing initiative. The company has been supporting this programme since 2010.
Meanwhile, TGI said that it remains committed to providing a superior quality product at a very competitive price and to the delivery of exceptional service and technical expertise. The company also expressed its sincere gratitude to all loyal customers for their continued support and is looking forward to further strengthening and deepening its stakeholder relationships, the release concluded.
According to a press release, this price movement forms part of a deliberate pricing strategy, which was designed by TGI to minimize the impact of a large one-off increase on the market. The previous one was implemented mid-July, 2012. The current adjustment is largely predicated on a price change by the parent company and bulk supplier TCL, which not unlike other manufacturers, has been continuously faced with substantial increases in major cost components. More recently, escalations of 26% in spares and 12% in packaging, have been impacting its cost profile in spite of improved operational efficiencies.
TGI, in recognizing that cement is a major element of Guyana’s economic growth, has kept the adjustment to a minimum and is pleased to state that its price still remains at the lower end of the tier when compared to a global context.
Also in strong support of Guyana’s developmental goals, TGI is pleased to state that it will maintain its offer of a twenty percent (20%) discount for first time home owners under the Government’s low-income earners housing initiative. The company has been supporting this programme since 2010.
Meanwhile, TGI said that it remains committed to providing a superior quality product at a very competitive price and to the delivery of exceptional service and technical expertise. The company also expressed its sincere gratitude to all loyal customers for their continued support and is looking forward to further strengthening and deepening its stakeholder relationships, the release concluded.
