Cement News tagged under: Cementos Pacasmayo

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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...