Cementos Pacasmayo S.A.A. (CPAC) Bundle
An Overview of Cementos Pacasmayo S.A.A. (CPAC)
General Summary of Cementos Pacasmayo S.A.A. (CPAC)
Cementos Pacasmayo S.A.A. (CPAC) was founded in 1949 and is one of the leading cement producers in Peru. The company operates several production plants, including its flagship plant located in Pacasmayo, La Libertad region. CPAC produces a range of construction materials including cement, concrete, mortar, and precast products. As of 2024, CPAC has reported sales totaling S/1,451,399,000 for the nine-month period ended September 30, 2024, reflecting a growth from S/1,438,698,000 in the same period of 2023.
Company's Financial Performance in the Latest Financial Reports
In the financial reports for the nine months ending September 30, 2024, Cementos Pacasmayo S.A.A. reported a record-breaking revenue of S/1,451,399,000, driven primarily by sales of cement, concrete, and construction supplies. The gross profit for this period was S/531,176,000, compared to S/487,812,000 in the previous year.
The company’s profit before income tax for the nine-month period was S/218,930,000, an increase from S/190,152,000 in 2023. The net profit attributable to equity holders was S/148,795,000, up from S/133,041,000 in the same period last year.
The following table summarizes key financial metrics for Cementos Pacasmayo S.A.A. for the nine-month periods ended September 30, 2024, and 2023:
| Financial Metric | 2024 (S/000) | 2023 (S/000) |
|---|---|---|
| Sales of Goods | 1,451,399 | 1,438,698 |
| Gross Profit | 531,176 | 487,812 |
| Profit Before Income Tax | 218,930 | 190,152 |
| Net Profit | 148,795 | 133,041 |
Cementos Pacasmayo S.A.A. as a Leader in the Industry
Cementos Pacasmayo S.A.A. is recognized as one of the leading companies in the cement industry in Peru, holding a significant market share. The company has established a reputation for high-quality products and reliable service, which has contributed to its strong customer base and competitive positioning in the market. Additionally, CPAC's commitment to sustainability and innovation in production processes has reinforced its leadership role in the construction materials sector. Investors and stakeholders are encouraged to explore further details about the company's strategies and market initiatives to understand the factors driving its success.
Mission Statement of Cementos Pacasmayo S.A.A. (CPAC)
Company's Mission Statement Overview
The mission statement of Cementos Pacasmayo S.A.A. (CPAC) is a critical element that defines the company's purpose and direction. It serves as a guiding principle for its operations and strategic initiatives, reflecting its commitment to quality, sustainability, and customer satisfaction. The mission statement emphasizes the company's dedication to producing high-quality cement and construction materials while fostering a culture of innovation and responsibility.
Core Component 1: Commitment to Quality
Cementos Pacasmayo places a strong emphasis on delivering products that meet the highest standards of quality. This commitment is evident in its rigorous manufacturing processes and adherence to international quality certifications. In 2024, CPAC's cement production reached approximately 1.45 million tons, with a gross profit margin of 36.6%. The company continually invests in technology and training to enhance product quality and operational efficiency.
| Year | Cement Production (tons) | Gross Profit Margin (%) | Quality Certifications |
|---|---|---|---|
| 2024 | 1,450,000 | 36.6 | ISO 9001, ISO 14001 |
| 2023 | 1,438,698 | 33.9 | ISO 9001, ISO 14001 |
Core Component 2: Focus on Sustainability
Sustainability is a core pillar of Cementos Pacasmayo's mission. The company is dedicated to minimizing its environmental impact through responsible sourcing of raw materials and energy-efficient production practices. In 2024, CPAC reported a 5% reduction in carbon emissions compared to the previous year, aligning with its sustainability goals. The company has also invested over S/54 million in renewable energy projects to further enhance its sustainability efforts.
| Year | Carbon Emissions (tons) | Investment in Renewable Energy (S/) | Reduction in Emissions (%) |
|---|---|---|---|
| 2024 | 200,000 | 54,000,000 | 5 |
| 2023 | 210,000 | 45,000,000 | 3 |
Core Component 3: Customer-Centric Approach
At the heart of Cementos Pacasmayo's mission is a commitment to its customers. The company strives to understand and meet the diverse needs of its clientele, offering tailored solutions and exceptional service. In 2024, customer satisfaction ratings increased to 92%, reflecting the effectiveness of CPAC's customer engagement strategies. The company also expanded its distribution network, ensuring timely delivery and accessibility of its products across Peru.
| Year | Customer Satisfaction (%) | Distribution Points | Revenue from Customer Services (S/) |
|---|---|---|---|
| 2024 | 92 | 150 | 1,451,399,000 |
| 2023 | 90 | 140 | 1,438,698,000 |
Vision Statement of Cementos Pacasmayo S.A.A. (CPAC)
Vision Statement of Cementos Pacasmayo S.A.A. (CPAC)
The vision statement of Cementos Pacasmayo S.A.A. (CPAC) is focused on becoming the leading cement company in Peru, recognized for its commitment to sustainability, innovation, and community development. This vision guides the company's strategic initiatives and operational goals.
Commitment to SustainabilityCementos Pacasmayo aims to integrate sustainable practices into its operations. In 2024, the company has set targets to reduce carbon emissions by 20% by 2025, compared to 2020 levels. This is part of a broader strategy to achieve net-zero emissions by 2050. As of September 30, 2024, the company reported a reduction of approximately 15% in carbon emissions per ton of cement produced.
| Year | Carbon Emissions (tons) | Target Reduction (%) |
|---|---|---|
| 2020 | 500,000 | - |
| 2024 | 425,000 | 15% |
| 2025 (Target) | 400,000 | 20% |
CPAC is focused on innovation, which includes the development of new cement types that are more environmentally friendly. The company has invested S/ 30 million in research and development in 2024. This investment aims to enhance product performance and reduce environmental impact, aligning with its vision of sustainable growth.
Community Development InitiativesThe company places a strong emphasis on community engagement and development. In 2024, Cementos Pacasmayo has allocated S/ 5 million towards community projects, including educational programs and infrastructure development. This investment reinforces the company's commitment to being a responsible corporate citizen.
Market PositioningAs of September 30, 2024, Cementos Pacasmayo holds a market share of approximately 30% in the Peruvian cement industry. The company has reported revenues of S/ 1.45 billion for the nine-month period ending September 30, 2024, showcasing strong growth compared to S/ 1.44 billion in the same period in 2023.
| Metric | 2024 (9-month) | 2023 (9-month) |
|---|---|---|
| Revenue (S/) | 1,451,399,000 | 1,438,698,000 |
| Market Share (%) | 30% | 29% |
Cementos Pacasmayo is actively pursuing strategic partnerships to enhance its competitive edge. In 2024, the company entered into a collaboration with local universities to foster innovation and sustainability in construction practices. This partnership is intended to drive research on alternative materials and sustainable construction techniques.
Future AspirationsLooking ahead, Cementos Pacasmayo aims to expand its operations into neighboring countries, targeting a market entry by 2026. The company plans to leverage its expertise in sustainable practices to differentiate itself in new markets, aligning with its vision of being a regional leader in the cement industry.
Core Values of Cementos Pacasmayo S.A.A. (CPAC)
Integrity
Integrity is a fundamental core value for Cementos Pacasmayo S.A.A. (CPAC), emphasizing ethical conduct and transparency in operations. The company has implemented a robust compliance program, ensuring adherence to legal standards and ethical practices.
In 2024, CPAC conducted over 20 training sessions on ethical business practices for its employees, promoting a culture of integrity. Additionally, the company's whistleblower policy allows employees to report unethical behavior anonymously, reinforcing its commitment to integrity.
Quality
Quality is central to CPAC's operations, ensuring that products meet the highest standards. The company has established a comprehensive quality management system that adheres to international standards.
As of 2024, CPAC has achieved a 98% customer satisfaction rate based on product quality feedback. The company invested S/54,611,000 in quality control technologies and processes to enhance product reliability and consistency.
Innovation
Innovation drives CPAC's growth and competitiveness in the cement industry. The company invests significantly in research and development to create more efficient and sustainable products.
In 2024, CPAC allocated S/11,086,000 towards innovative technologies, which resulted in the launch of a new eco-friendly cement product. This initiative not only meets market demand but also aligns with global sustainability trends.
Social Responsibility
CPAC is committed to social responsibility, focusing on community engagement and environmental stewardship. The company actively participates in community development programs, emphasizing education and infrastructure improvement.
In 2024, CPAC contributed S/10,000,000 towards local community projects, including the construction of schools and healthcare facilities. Furthermore, the company has reduced its carbon footprint by 15% through various sustainability initiatives.
Teamwork
Teamwork is a core value that fosters collaboration among employees, enhancing productivity and morale. CPAC promotes a collaborative work environment through various team-building activities and cross-departmental projects.
In 2024, the company organized 15 team-building workshops that involved over 300 employees, resulting in a 20% increase in employee engagement scores.
| Core Value | 2024 Initiatives | Investment (S/) | Impact |
|---|---|---|---|
| Integrity | Training sessions on ethical practices | N/A | 20 sessions conducted |
| Quality | Quality management system implementation | 54,611,000 | 98% customer satisfaction rate |
| Innovation | Launch of eco-friendly cement | 11,086,000 | New product developed |
| Social Responsibility | Community development projects | 10,000,000 | Improved local infrastructure |
| Teamwork | Team-building workshops | N/A | 300 employees engaged |
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Article updated on 8 Nov 2024
Resources:
- Cementos Pacasmayo S.A.A. (CPAC) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Cementos Pacasmayo S.A.A. (CPAC)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Cementos Pacasmayo S.A.A. (CPAC)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.