Cementos Pacasmayo to raise capacity

Cementos Pacasmayo to raise capacity

Cementos Pacasmayo has started with the construction of its new 1.6 million t cement plant in Piura. Most of the cement will be consumed by road and infrastructure projects in the north of the country.

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.

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