-First ton of cement from new 1.6 million ton plant shipped today
-Piura plant to increase Cementos Pacasmsayo’s capacity while lowering
costs
-Project proceeding on-time and under-budget
Cementos Pacasmayo S.A.A. and subsidiaries (NYSE:CPAC; BVL:CPACASC1)
(“the Company” or “Cementos Pacasmayo”), a leading Peruvian supplier of
cement and construction materials, announced today that it has begun
commercial production from its new cutting edge Piura facility.
The first ton of cement from the Piura facility was produced and shipped
today. The Piura plant will be the most modern cement plant in Latin
America, featuring a multi-fuel kiln. Final capacity will be 1.6 million
tons of cement per year, and 1.0 million tons of clinker per year.
“I am delighted to announce the beginning of commercial operations at
the Piura plant, an important milestone for Cementos Pacasmayo and the
Peruvian cement industry,” said Humberto Nadal, Chief Executive Officer
of Cementos Pacasmayo. “Piura will offer our clients high-quality
cement, with improved logistics, while simultaneously lowering our cost
of production.
“We continue to execute this important project on time and under budget,
demonstrating our expertise in large-scale, advanced facilities. We look
forward to moving the plant along its production curve, creating value
for all stakeholders,” Mr. Nadal concluded.
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a leading Peruvian cement company, and the
only cement manufacturer in the Northern region of Peru. In February
2012, the Company’s shares were listed on The New York Stock Exchange -
Euronext under the ticker symbol "CPAC". With more than 57 years of
operating history, the Company produces, distributes and sells cement
and cement-related materials, such as concrete blocks and ready-mix
concrete. Cementos Pacasmayo’s products are primarily used in
construction, which has been one of the fastest-growing segments of the
Peruvian economy in recent years. The Company also produces and sells
quicklime for use in mining operations.
Note on Forward-Looking Statements
This press release may contain forward-looking statements. These
statements are statements that are not historical facts, and are based
on management’s current view and estimates of future economic
circumstances, industry conditions, Company performance and financial
results. Also, certain reclassifications have been made to make figures
comparable for the periods. The words “anticipates”, “believes”,
“estimates”, “expects”, “plans” and similar expressions, as they relate
to the Company, are intended to identify forward-looking statements. Statements
regarding the declaration or payment of dividends, the implementation of
principal operating and financing strategies and capital expenditure
plans, the direction of future operations and the factors or trends
affecting financial condition, liquidity or results of operations are
examples of forward-looking statements. Such statements reflect
the current views of management and are subject to a number of risks and
uncertainties. There is no guarantee that the expected events,
trends or results will actually occur. The statements are based
on many assumptions and factors, including general economic and market
conditions, industry conditions, and operating factors. Any
changes in such assumptions or factors could cause actual results to
differ materially from current expectations.
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