Cementos Pacasmaya sales hit by severe weather
Published by Jonathan Rowland,
Editor
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/
You might also like
Ready to revolutionise the cement industry?
Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
New entrepreneur network brings start-ups and leading cement producers together in pursuit of net zero goal
The GCCA has launched the third programme in its Innovandi brand, the Innovandi Entrepreneur Network.
