Cement News tagged under: Cementos Pacasmayo

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Fitch Affirms Cementos Pacasmayo at 'BBB-'; Outlook Stable

12 January 2016, Published under Cement News

Fitch Ratings has affirmed the ratings of Peruvian producer Cementos Pacasmayo at 'BBB-'. The Rating Outlook remains Stable. The ratings reflect the company's solid business position as the only cement producer in Peru's northern region. This position has resulted in high margins, low leverage and solid liquidity. The small size of the cement market in the north, as well as the logistical challenges found in this region, has limited the impact of imports and the probability a global compa...

Peruvian cement companies plan investments in 2016

05 January 2016, Published under Cement News

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$8...

Cementos Pacasmayo EBITDA up 14.4 %

30 October 2015, Published under Cement News

Peru-based Cementos Pacasmayo's consolidated EBITDA in the 3Q15 increased 14.4 per cent to PEN99.6m (US$30.3m) in 3Q15 from PEN87.1m in 3Q14, giving an EBITDA margin of 31.8 per cent versus 27.5 per cent in 3Q14. Revenues fell one per cent from 3Q14. Net income increased 36.5 per cent to PEN55.3m in 3Q15 from PEN40.5m in 3Q14. During the third quarter, the company's Piura cement plant began cement production on time and under budget. The final stage of ramp-up is on track, Pacasmayo added....

Cementos Pacasmayo begins commercial operations at Piura plant

18 September 2015, Published under Cement News

Cementos Pacasmayo SAA, a leading Peruvian supplier of cement and construction materials, announced today that it has begun commercial production from its new cutting-edge Piura facility. The first ton of cement from the Piura facility was produced and shipped today.  Final clinker and cement capacity will be 1Mta and 1.6Mta, respectively. "I am delighted to announce the beginning of commercial operations at the Piura plant, an important milestone for Cementos Pacasmayo and the Peruvian c...

Peru: Cementos Pacasmayo expands consolidated EBITDA margin

24 July 2015, Published under Cement News

Peruvian producer Cementos Pacasmayo's consolidated EBITDA increased 8.4 per cent to PEN178.5m (US$59m) in the first half of this year from PEN169.7m in 1H14, achieving a margin of 31.5 per cent compared with 27.3 per cent a year earlier. Net income increased 19.4 per cent to PEN96.5m. Gross margin increased to 43.1 per cent in 6M15 from 40.5 per cent in 6M14. Second-quarter results were impacted by continued weakness in cement demand from the public sector. This led to a 9.4 per cent ...

Pacasmayo expects 5% sales rise in 2015

25 February 2015, Published under Cement News

Peru’s Cementos Pacasmayo is positive about the year ahead as it expects sales to rise by five per cent. The company’s general manager, Humberto Nadal del Carpio, attributes the increase to the development of several construction projects in the Latin American country. In the north of the country, the Talara refinery, the northern highway and regional projects are predicted to require around 0.5Mt of cement over the next 2-3 years. In addition, around US$90bn of infrastructure projects wil...

Peru: Pacasmayo's net income up 24% YoY

16 February 2015, Published under Cement News

Peruvian producer Cementos Pacasmayo's net income increased 24 per cent in 2014 to PEN188.8m (US$61.3m) as a result of operating efficiencies, a reduction in administrative expenses and lower losses from currency movements. Operating margin increased 0.6 percentage points in 2014, compared to 2013, mainly explained by lower administrative expenses, and an extraordinary income. Consolidated EBITDA increased 4.7 per cent (PEN365.3m in 2014 versus PEN348.9m in 2013). Cement sales volum...

Fitch affirms Pacasmayo's ratings; outlook stable

19 January 2015, Published under Cement News

Fitch Ratings has affirmed the following ratings for Cementos Pacasmayo SAA): • Foreign currency Issuer Default Rating (IDR) at 'BBB-'; • Local currency IDR at 'BBB-'; • Senior unsecured US$300m notes due 2023 at 'BBB-'. The Rating Outlook is Stable. Key rating's drivers Solid business position Fitch said the ratings reflects Pacasmayo's solid business position, as the only cement producer in Peru's northern region which has resulted in high margins, low leverage and solid liquidi...

Peru: Pacasmayo Piura to come online in July 2015

12 December 2014, Published under Cement News

Cementos Pacasmayo has invested US$190m in its new Piura plant, Peru, and civil works have been almost completed. “The new plant is a project that we have started more than two-and-a-half years ago. The works, which is built with latest-generation German technology, has a production capacity of 1.6Mta of cement and 1Mta of clinker,” said Humberto Nadal, CEO of Cementos Pacasmayo. The plant aims to be “the first plant in the country with zero emissions”, he added. The company currently...

Peru: Cementos Pacasmayo profits fall 17% in 3Q14

28 October 2014, Published under Cement News

Cementos Pacasmayo reported a YoY drop in net profit of 17 per cent for 3Q14 as cement dispatches fell due to the deceleration in Peru’s economy. In the July-September quarter, the company’s profit fell to PEN40.5m (US$14m) from PEN48.8m in 3Q13. Net sales fell six per cent YoY to PEN316.2m from PEN336.4m in 3Q13. Cost of sales decreased 7.3 per cent to PEN276.2m as did output, which saw a fall of 7.5 per cent to 578,000t. However, in 9M14, Cementos Pacasmayo’s profit reached PEN121.3m,...