Cementos Pacasmayo to raise capacity
The capacity increment is in response to rise in sales volumes increase by 9.1% y/y in 2Q13. During the period, cement production rose by 8%, with 493 600 t produced at the Pacasmayo plant and 58 400 t produced at the Rioja plant. Total cement production for 1H13 came in at 1.1 million t, 7.8% higher than in 1H12. Clinker production levels also grew y/y, rising from 646 700 t in 1H12 to 688 600 t in the corresponding period this year. In 2Q13, clinker production was up 20.6% y/y. The Rioja plant produced 56 600 t of clinker, rising by 36.4% y/y, while 338 400 t was produced at the Pacasmayo plant, representing an increase of 18.3% y/y.
The company´s consolidated EBITDA rose by 60% y/y in 2Q13 to reach S/.91.5 million, and operating profit increased by 72.9% y/y. However, fluctuations in the exchange rate impacted net income, which fell by 21.7% y/y.