Pacasmayo Achieves Transcendent Growth with Completion of Holcim Acquisition
Pacasmayo, one of Peru's leading cement and concrete manufacturers, has marked a significant milestone in its history by completing the acquisition of Inversiones ASPI by Holcim Ltd, securing a 50.01% controlling interest. This strategic move opens up global opportunities for the company while maintaining its core values and commitment to Peruvian development.
During Pacasmayo's first quarter earnings conference call in April 2026, CEO Humberto Nadal outlined the company's impressive performance, with sales volume increasing by a substantial 11.7% year-over-year. This growth was primarily driven by higher demand for cement and concrete, reflecting the company's solid operational performance.
Nadal emphasized that the disciplined cost control and gross margin expansion in Pacasmayo's core businesses were key factors contributing to its outstanding profitability. Consolidated EBITDA reached PEN 177.9 million, a staggering 32.1% increase compared to the first quarter of 2025. The company's EBITDA margin also expanded significantly, reaching 32%, up from 27% in the same period last year.
Pacasmayo has consistently demonstrated its commitment to leading the industry responsibly, with notable achievements in sustainability during the first quarter. For the sixth consecutive year, the company secured a spot in the S&P Global Sustainability Yearbook 2026, solidifying its position within the top 10% of the construction materials industry globally.
In terms of social impact, Pacasmayo formalized a strategic partnership with the Inter-American Cement Federation, FICEM, and Habitat for Humanity. This alliance combines Pacasmayo's local Sueños en Concreto program with the One Hundred Thousand Floors to Play On initiative, aiming to improve the quality of life for thousands of families in northern Peru by replacing dirt floors with concrete.
According to CFO Ely Hayashi, Pacasmayo's revenue growth was very encouraging during the first quarter, reaching $555.7 million, an 11.3% increase compared to the same period last year. This growth was primarily driven by a robust 11.7% increase in total sales volumes across cement, concrete, and precast.
Hayashi also highlighted that gross profits increased significantly during the quarter, supported by higher volumes and improved operational efficiency at Pacasmayo's optimized production plant. Additionally, administrative expenses decreased slightly, mainly due to lower personal expenses, reflecting a lower collective bargaining bonus compared to last year.
Pacasmayo's remarkable performance in the first quarter of 2026 underscores its ability to adapt to changing market conditions and capitalize on opportunities for growth. The company's commitment to sustainability, social responsibility, and operational efficiency positions it as a leader in the construction materials industry.
