The TCL Group consists of eight (8) operating companies in Trinidad, Barbados, Jamaica, Anguilla and Guyana:

The TCL Group is essentially involved in the manufacture and sale of bulk and bagged cement, and has integrated vertically into packaging and premixed concrete. TCL and three of its subsidiaries, TPL, TPM and RML are incorporated in the Republic of Trinidad and Tobago while ACCL is incorporated in Barbados and CCCL is incorporated in Jamaica. TCL Trading Company Limited, a fully-owned subsidiary of TCL was incorporated in Anguilla in December 1997.

Through a process of diversification and expansion, TCL has evolved from a single cement manufacturing operation into a full-fledged Group of Companies with operations throughout the English-speaking Caribbean. Diversification into packaging commenced in 1991 with a joint venture between Dipeco of Switzerland and TCL, which resulted in the formation of TPL. The process continued in 1995 with the formation of TPM (a joint venture between Industrias Ponsa of Spain and TCL).

Readymix (W.I.) Limited represents the Group’s entry in 1996 into the premixed concrete industry. TCL now owns 70% of the equity of that Company. The TCL Group acquired ACCL in 1994 and the ACCL Lime Division in December 1997, the latter representing another related diversification investment by the Group. In March 1999, TCL acquired controlling interest in the Caribbean Cement Company Limited (CCCL) in Jamaica, thereby making it the only cement manufacturer in the English-speaking Caribbean.

In late 1997, the Board of TCL approved a corporate restructuring, involving the formation of a separate holding company, TCL Holdings Limited. Through a one-for-one share exchange, the investments in subsidiaries held by TCL will be transferred to the Holding Company in consideration for the issue of shares to TCL’s current shareholders. This is expected to facilitate future growth, while providing a better mechanism for effective corporate governance.