Cement News tagged under: Cementos Pacasmayo

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Peru: Cementos Pacasmayo to rebound in 4Q14

22 October 2014, Published under Cement News

Peru’s Cementos Pacasmayo is expected to see a two per cent YoY drop in output volumes in 3Q14, according to investment bank JP Morgan. However, the cement producer is forecast to rebound in the 4Q14 by two per cent and recorded gains of eight and nine per cent in 2015 and 2016, respectively. The bank also has good news for Cementos Pacasmayo’s EBITDA margin as it foresees a 0.6 percentage point rise in 2015 to settle at 28.9 per cent. After a challenging nine months, the Peruvian constr...

Peruvian firms tumble on concerns of slowing shipments

10 October 2014, Published under Cement News

Peruvian cement makers slumped on concerns of slowing building materials sales while the government scales back infrastructure spending. According to reports by Bloomberg, Cementos Pacasmayo SA fell one per cent yesterday, its sixth straight daily decline, to PEN4.75. Unacem, the country’s largest cement producer, lost 1.7 per cent to PEN2.9, the lowest since September 2012. In August domestic dispatches in the Peruvian cement market edged 0.75 per cent down to 908,553t when compared with...

Pacasmayo cement volumes rise 3.5% in first six months

25 July 2014, Published under Cement News

Peruvian producer Cementos Pacasmayo reported a 3.5 per cent increase in cement sales volumes for the first six months of the year, exceeding the national average of 0.84 per cent. Consolidated sales increased 2.9 per cent YoY in the first half of 2014. Higher cement sales and a 57.2 per cent increase in quicklime dispatches were offset by a decline in concrete sales. Gross profit fell 4.1 per cent mainly due to the temporary imports of clinker and the fall in concrete demand. Net inco...

Peru: Pacasmayo 1Q net income down

30 April 2014, Published under Cement News

Peruvian producer Cementos Pacasmayo reported a drop in net income of 11.8 per cent YoY to PEN39.8m (US$14.1m) in the first quarter of 2014. EBITDA came in at PEN80.7m compared to PEN81.3m in the corresponding period of 2013. However, cement sales volumes grew by four per cent YoY, exceeding market growth, with cement net sales improving by 5.9 per cent YoY and total sales by three per cent YoY. During the Jan-Mar 2014 period, cement shipments in Peru increased marginally by 1.35 per cen...

Fitch Affirms Cementos Pacasmayo rating

16 January 2014, Published under Cement News

Fitch has affirmed ratings of Peruvian cement producer Cementos Pacasmayo. The ratings Outlook is Stable. The following ratings have been affirmed: • Foreign currency Issuer Default Rating (IDR) at 'BBB-' • Local currency IDR at 'BBB-' • US$300m senior unsecured notes at 'BBB-'. Fitch said 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 smal...

Peru’s Cementos Pacasmayo net profit up 4.1%

30 October 2013, Published under Cement News

Cementos Pacasmayo saw its net income increase by 4.1 per cent to PEN48.8m (US$17.6m) in the third quarter compared to the same period of 2012.  Consolidated EBITDA rose by 17.6 per cent YoY to PEN90.2m. In the first nine months of the year, net income advanced 0.5 per cent YoY despite a weak 2Q13. Consolidated EBITDA registered a 28 per cent rise. In terms of cement sales, Pacasmayo noted a 3.5 per cent increase YoY with output up 3.3 per cent YoY. Cementos Pacasmayo is the secon...

Pacasmayo kicks off construction of new plant, Peru

24 October 2013, Published under Cement News

Cementos Pacasmayo has started construction of its new 1.6Mta plant in Piura to meet growing housing and infrastructure requirements in the north of the country. "We have already started the construction of this plant. We have laid the foundation earlier this month. At the moment we are comfortable with the schedule and we are thinking that in the first half of 2015 should start and cement production,” Humberto Nadal, CEO of Cementos Pacasmayo told El Comercio news. The new plant will i...

Pacasmayo boosted by northern projects, Peru

06 August 2013, Published under Cement News

Cementos Pacasmayo, a leading Peruvian cement company, reported a 9.1 per cent increase in cement sales volumes for the 2Q13 as it benefits from strong demand in the northern region. During the second quarter, consolidated EBITDA rose 60 per cent to PEN91.5m (US$32.8m) compared to PEN57.2m in the same period the year before. Operating profit increased 72.9 per cent in 2Q13 to PEN77.8m compared to 2Q12. However, net income fell 21.7 per cent in the second quarter to PEN 23.4m, mainly due ...

Cementos Pacasmayo 1Q13 cement sales rise 6.5 per cent

30 April 2013, Published under Cement News

Peruvian cement producer Cementos Pacasmayo reported a sales increase of 6.5 per cent in the first quarter of 2013. Net income rose 13 per cent in the first quarter to PEN45.1m compared to PEN39.9m (US$17m) in the same period of last year. Cement EBITDA rose by 15.1 per cent in the three months to the end of March 2013 reaching PEN84.5mm compared to PEN73.4m in 1Q12. Consolidated adjusted EBITDA margin went from 25.8 per cent in 1Q12 to 27.9 per cent in  1Q13. On February 1, 2013, the Com...

Cementos Pacasmayo full year sales rise 16.6%, Peru

22 February 2013, Published under Cement News

Peruvian cement producer Cementos Pacasmayo’s reported that cement sales volume increased by 16.6 per cent in 2012 compared to 2011, and 14.2 per cent in 4Q12 compared to 4Q11. Cement EBITDA increased 7.9 per cent in 2012 to PEN292.1m, and 11.7% in 4Q12 to PEN78.3m. Net income increased 134.9 per cent in 2012 compared to 2011 (PEN159m versus PEN67.7m), and 41 per cent in 4Q12 compared to 4Q11 (PEN 39.9m compared to PEN28.3m). Earlier this month, Fitch Ratings has assigned the followin...