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Cementos Pacasmaya sales hit by severe weather

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World Cement,


Cementos Pacasmaya’s sales fell in 1Q17 as severe weather hit the company’s key market in the north of Peru. According to the company’s quarterly results statement, sales fell 12.2% on the back of the disruption caused by heavy rainfall and associated flooding and landslides.

The severe weather conditions – dubbed a coastal El Nino – has resulted in significant destruction of infrastructure and homes, as well as the deaths of 113 people. A preliminary assessment of the damage put it at over US$3.3 billion – but this is likely to rise.

Cementos Pacasmaya operates three cement plants: Pacasmayo, Piura, and Rioja. Total cement production at the three plants fell 6.7% in 1Q17.

Read the article online at: https://www.worldcement.com/the-americas/28042017/cementos-pacasmaya-sales-hit-by-severe-weather/

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