Cementos Pacasmayo S.A.A. and subsidiaries CPAC, +0.17% (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.
