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 largest of the two is in Pacasmayo with a cement capacity of 2.9Mta while the Rioja, San Martin, works has a 0.44Mta capacity, giving the group a combined cement capacity of 3.34Mta.
Peru’s construction sector has been driving economic growth of late and this is being reflected in strong cement consumption figures. For the nine months to September 2012, domestic dispatches rose 16.62 per cent YoY to 6.96Mt compared to 5.97Mt in the same period of last year. For the third quarter local shipments stood at 2.6Mt, according to the latest figures from Peruvian cement association, Asocem.
