Cement News tagged under: Cementos Pacasmayo
Fitch Affirms Cementos Pacasmayo rating16 January 2014, Published under Cement NewsFitch has affirmed ratings of Peruvian cement producer Cementos Pacasmayo. The ratings Outlook is Stable. The following ratings have been affirmed: • Foreign currency Issuer Default Rating (IDR) at 'BBB-' • Local currency IDR at 'BBB-' • US$300m senior unsecured notes at 'BBB-'. Fitch said the ratings reflect the company's solid business position as the only cement producer in Peru's northern region. This position has resulted in high margins, low leverage and solid liquidity. The smal... |
Peru’s Cementos Pacasmayo net profit up 4.1%30 October 2013, Published under Cement NewsCementos Pacasmayo saw its net income increase by 4.1 per cent to PEN48.8m (US$17.6m) in the third quarter compared to the same period of 2012. Consolidated EBITDA rose by 17.6 per cent YoY to PEN90.2m. In the first nine months of the year, net income advanced 0.5 per cent YoY despite a weak 2Q13. Consolidated EBITDA registered a 28 per cent rise. In terms of cement sales, Pacasmayo noted a 3.5 per cent increase YoY with output up 3.3 per cent YoY. Cementos Pacasmayo is the secon... |
Pacasmayo kicks off construction of new plant, Peru24 October 2013, Published under Cement NewsCementos Pacasmayo has started construction of its new 1.6Mta plant in Piura to meet growing housing and infrastructure requirements in the north of the country. "We have already started the construction of this plant. We have laid the foundation earlier this month. At the moment we are comfortable with the schedule and we are thinking that in the first half of 2015 should start and cement production,” Humberto Nadal, CEO of Cementos Pacasmayo told El Comercio news. The new plant will i... |
Pacasmayo boosted by northern projects, Peru06 August 2013, Published under Cement NewsCementos Pacasmayo, a leading Peruvian cement company, reported a 9.1 per cent increase in cement sales volumes for the 2Q13 as it benefits from strong demand in the northern region. During the second quarter, consolidated EBITDA rose 60 per cent to PEN91.5m (US$32.8m) compared to PEN57.2m in the same period the year before. Operating profit increased 72.9 per cent in 2Q13 to PEN77.8m compared to 2Q12. However, net income fell 21.7 per cent in the second quarter to PEN 23.4m, mainly due ... |
Cementos Pacasmayo 1Q13 cement sales rise 6.5 per cent30 April 2013, Published under Cement NewsPeruvian cement producer Cementos Pacasmayo reported a sales increase of 6.5 per cent in the first quarter of 2013. Net income rose 13 per cent in the first quarter to PEN45.1m compared to PEN39.9m (US$17m) in the same period of last year. Cement EBITDA rose by 15.1 per cent in the three months to the end of March 2013 reaching PEN84.5mm compared to PEN73.4m in 1Q12. Consolidated adjusted EBITDA margin went from 25.8 per cent in 1Q12 to 27.9 per cent in 1Q13. On February 1, 2013, the Com... |
Cementos Pacasmayo full year sales rise 16.6%, Peru22 February 2013, Published under Cement NewsPeruvian cement producer Cementos Pacasmayo’s reported that cement sales volume increased by 16.6 per cent in 2012 compared to 2011, and 14.2 per cent in 4Q12 compared to 4Q11. Cement EBITDA increased 7.9 per cent in 2012 to PEN292.1m, and 11.7% in 4Q12 to PEN78.3m. Net income increased 134.9 per cent in 2012 compared to 2011 (PEN159m versus PEN67.7m), and 41 per cent in 4Q12 compared to 4Q11 (PEN 39.9m compared to PEN28.3m). Earlier this month, Fitch Ratings has assigned the followin... |
Fitch Assigns Initial 'BBB-' IDR to Cementos Pacasmayo SAA04 February 2013, Published under Cement NewsFitch 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, Peru01 November 2012, Published under Cement NewsCementos 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, Peru01 May 2012, Published under Cement NewsCementos 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 – report10 February 2012, Published under Cement NewsPeruvian 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... |