Peru based cement producer UNACEM posted a record EBITDA of US$245m in 2024, representing an 11.1 per cent YoY increase and a margin of 24.2 per cent. UNACEM Peru and its energy generation and marketing business, Celepsa, both recorded EBITDA records.
“We are satisfied with our business results. In the case of UNACEM Peru, we achieved EBITDA of PEN907m (US$245.2m), a result of operational efficiencies in both cost and expense management. Celepsa also stood out for its financial performance, achieving PEN239.1m (US$64.6m) in EBITDA and a record net profit of PEN81.5m (US$22m), with sales of 4039GWh for the year. This was further compounded by the closing of a long-term contract with Compañía Minera Antapaccay for 160MW, which reinforces its leadership in the energy sector,” stated Álvaro Morales, corporate VP of finance of the UNACEM Group.
UNACEM Ecuador successfully integrated its cement and concrete businesses, shipping 186,000m3 of concrete while UNACEM Chile has consolidated a portfolio of cement, concrete, aggregates and major precast products following the acquisition of PREANSA. In North America UNACEM North America delivered 1.2Mt of cement across its Arizona and California operations.
In terms of decarbonisation, the group has managed to reduce its total carbon footprint by seven per cent, following the ISO 14064 methodology. It has also reduced its cement carbon footprint, reaching 600kg CO2eq/t cement by 2024, an important step toward its goal of 500kg CO2eq/t cement by 2030, according to its Cement Roadmap.
In addition, UNACEM Ecuador increased its alternative fuels rate by 8.87 per cent while at the Tehachapi Cement plant in California, USA, saw its biomass levels increase to 30 per cent.
