Cementos Pacasmayo Saa (NYSE: CPAC)

Cementos Pacasmayo S. A. A. is a Peruvian cement company, that produces distributes and sells cement and cement related materials such as precast products and ready mix concrete primarily serving the construction sector in northern Peru.

The company generates revenue from the sale of cement concrete mortar pavement precast products quicklime and third party construction materials such as steel rebar cables and pipes. In 2025 cement concrete mortar pavement and precast accounted for 97.5% of net sales quicklime for 0.4% and third party construction materials for 2.0% while total cement concrete mortar pavement and precast shipments reached approximately 3,000,000 metric tons representing an estimated 22.4% share of total cement shipments in Peru according to INEI and about 81.4% of cement sales were in the form of bagged cement sold mainly through retailers. The company operates three cement plants with a combined installed annual cement production capacity of approximately 4.9 million metric tons and a quicklime capacity of about 240,000 metric tons per year annually.

Cementos Pacasmayo holds a leading position in the northern Peruvian cement market where it is the sole producer and accounts for an estimated 22.4% of total cement shipments in the country. It competes with significant regional players such as Unacem in the central region and Cementos Yura in the south while facing imports that represent about 4.2% of national cement consumption and other local producers contributing roughly 5.8%. Its competitive advantages stem from vertical integration that links its owned quarries to its plants a extensive distribution network comprising 287 independent retailers and 334 hardware stores strong brand recognition and a disciplined capital expenditure plan that supports operational efficiency. The company's operations span the provinces of Amazonas Cajamarca La Libertad Lambayeque Piura and Tumbes in the north and San Martín and Loreto in the northeast.

The company sells most of its cement to the self construction segment which represented about 73.9% of its cement sales in 2025 while private construction projects also accounted for roughly 14.0% and public sector projects for the remaining 12.1%. Approximately 81.4% of cement sales were in bagged form distributed through its network of 287 independent retailers and 334 hardware stores as well as other retailers outside the formal network. The remaining cement is sold in bulk or as ready mix concrete and precast products directly to large construction companies and also industrial users also purchasing quicklime for applications in mining and other sectors.