Strengthening a market leader
The merger of Cementos Lima and Cemento Andino into Unacem in 2012 led to the strengthening of Peru’s cement market leader. By combining forces, the new company benefits from improved competitiveness, operational synergies and significant cost savings. In addition, it moves the company into pole position to offer greater stock market liquidity and secure future investment. By Unacem, Peru.
In 2012, Peru was the second-fastest growing economy in Latin America and one of the few countries that offset the poor performances of the region’s larger economies. With 6.3 per cent GDP growth and a construction sector that expanded 15.2 per cent YoY – driven principally by investments in real estate, shopping centres and infrastructure – the Peruvian cement market continues to boom and make a significant contribution to construction sector.