Cement News tagged under: Cementos Pacasmayo

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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...

Fitch Assigns Initial 'BBB-' IDR to Cementos Pacasmayo SAA

04 February 2013, Published under Cement News

Fitch Ratings has assigned the following initial ratings to Cementos Pacasmayo: Foreign currency Issuer Default Rating (IDR) 'BBB-'; Local currency IDR 'BBB-'. The Rating Outlook is Stable. Fitch says the ratings reflect the company's solid business position, as the only cement producer in Peru's northern region. Pacasmayo's 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 difficulty of logistics in t...

Cementos Pacasmayo sales rise 17.5 per cent, Peru

01 November 2012, Published under Cement News

Cementos Pacasmayo, a leading Peruvian cement company, announced cement sales volume increased 17.5 per cent during the first nine months of 2012 compared to the same period of 2011 For the 3Q12 net income increased 56.9 per cent QoQ to PEN46.9m (US$18.1m) versus PEN29.9m in 2Q12. Consolidated EBITDA in 3Q12 increased 33.6 per cent to PEN76.4m versus PEN57.2m in 2Q12. Cementos Pacasmayo is the second largest cement producer in Brazil in terms of volumes. It operates two plants, the lar...

Cementos Pacasmayo first-quarter volumes ahead, Peru

01 May 2012, Published under Cement News

Cementos Pacasmayo, a leading Peruvian cement company, announced today its consolidated results for the first quarter period ended March 31, 2012. In 1Q12, cement demand was stronger than anticipated as volumes increased 17% compared to 1Q11. Revenues in 1Q12 increased 20.4% compared to 1Q11. Gross margin remained high at 39.4%.

Pacasmayo: substantial growth potential – report

10 February 2012, Published under Cement News

Peruvian cement producer, Cementos Pacasmayo, which completed a US$230m share offering in New York, has “substantial growth potential” with its cement plant expansion and phosphate project, said Eduardo Hochschild, chairman of the company’s owner Hochschild Group. “The share will go up, down, sideways and what have you, and that’s what it usually does,” Hochschild said from New York after the shares fell as much as 14.6 per cent, according to a Bloomberg report. “In liquidity, New York has...