Peruvian cement companies plan investments in 2016

Peruvian cement companies plan investments in 2016

Cement companies operating in Peru aim to continue with large investments in 2016 despite the recent announcement by the country's cement association, Asocem, of low growth in cement consumption during 2015.

Asocem recorded that the domestic industry saw cement consumption advance by just three per cent last year, however, this is not deterring cement producers to bring new investment into its plants.

Cementos Pacasmayo is set to begin its Fosfatos del Pacifico project costing some US$800m. This works, which will include the installation of transmission lines, a plant and roads, will take 36-40 months to complete. The company will also modernise its existing cement facility and is awaiting the start of  operations at its La Banda coal mine in La Libertad.

Meanwhile, Cementos Yura plans to boost the clinker production capacity of its plant in Arequipa in 2016.

Furthermore, Cementos Inka will begin construction of its second facility in Ica and intends to build a third works in Piura, while Union Andina de Cementos (Unacem) will continue with studies to enlarge its plant in Condorcocha.