Cargo Handlers Limited (CHL) – Announcement

Cargo Handlers Limited (CHL) has provided the following advisory that a resolution was passed by CHL’s Board of Directors at a meeting held on December 9, 2020, to invest in the Buying House Cement Limited:

“Cargo Handlers Limited¬† Board of Directors is pleased to announce the purchase of a 30% stake in local cement distributor Buying House Cement Limited (BHC). BHC is headquartered in the city of Montego Bay, where it has operated for 15 years selling high quality Portland cement under the Anchor brand since 2006. Cargo Handlers Limited recognizes the significant environmental, road safety and other benefits associated with having cement distribution based on the western side of the island. BHC provides steady employment for warehouse, delivery partners and BITU represented port workers. On behalf of our shareholders, employees, customers and our stakeholders. we pledge to offer exceptional products and service while playing a major role in Jamaica’s growth agenda. As Jamaica emerges from the global pandemic, the Company sees that it will be vital to have a consistent supply of competitively priced cement for the construction of affordable housing, schools, hospital, hotels, and road infrastructure in support of the Government’s aggressive growth agenda. We are very proud to have the opportunity to support our national effort and the future of a vibrant Jamaican economy”.