1917 CE
Founding of Compañía Nacional de Cementos Portland
Cementos Pacasmayo is founded as Compañía Nacional de Cementos Portland in Pacasmayo, Peru, with initial capital from local investors to produce Portland cement. #business #peru
Chronological Storyline (30 Milestones)
1928 CE
Start of Cement Production at Pacasmayo Plant
The Pacasmayo plant begins commercial production of cement, marking the company's entry into the Peruvian construction materials market. #industry #peru
1942 CE
Expansion to Meet Wartime Demand
During World War II, the company expands its Pacasmayo plant to meet increased demand for cement in infrastructure projects. #growth #history
1957 CE
Renamed to Cementos Pacasmayo S.A.
The company changes its name from Compañía Nacional de Cementos Portland to Cementos Pacasmayo S.A., aligning its brand with the Pacasmayo region. #rebranding #peru
1963 CE
Installation of Second Kiln
A second kiln is installed at the Pacasmayo plant, doubling production capacity to meet post-war construction boom. #industrialization #peru
1974 CE
New Dry-Process Production Line
Cementos Pacasmayo adopts dry-process technology with a new production line, improving energy efficiency and output. #technology #cement
1982 CE
Acquisition of Cementos Lima Stake
Cementos Pacasmayo acquires a minority stake in Cementos Lima, expanding its market presence in central Peru. #acquisition #peru
1990 CE
Economic Crisis and Restructuring
During Peru's hyperinflation crisis, the company implements cost-cutting measures and operational restructuring to survive. #crisis #restructuring
1994 CE
Initial Public Offering on Lima Stock Exchange
Cementos Pacasmayo lists its shares on the Lima Stock Exchange (BVL), raising capital for expansion and increasing transparency. #IPO #finance
1996 CE
Modernization Program Initiated
The company launches a $50 million modernization program to upgrade plant equipment and reduce environmental impact. #modernization #investment
1998 CE
ISO 9001 Certification
Cementos Pacasmayo receives ISO 9001 certification for quality management systems, enhancing its competitive edge. #quality #certification
2000 CE
Expansion into Northern Peru
The company begins construction of a new grinding plant in Piura to serve the growing construction market in northern Peru. #expansion #peru
2003 CE
Launch of Eco-Friendly Cement Line
Cementos Pacasmayo introduces a new line of environmentally friendly cement with reduced CO2 emissions. #sustainability #cement
Jun 1, 2004 CE
Piura Plant Commences Operations
The new Piura grinding plant begins operations, increasing clinker grinding capacity and distribution efficiency. #operations #peru
2006 CE
Acquisition of Cementos Selva
Cementos Pacasmayo acquires Cementos Selva, a cement producer in the Peruvian Amazon, expanding its geographic footprint. #acquisition #peru
2008 CE
New Kiln and Environmental Upgrades
A state-of-the-art kiln is installed at the Pacasmayo plant, along with bag filters to reduce dust emissions. #technology #environment
2010 CE
Launch of 'Pacasmayo Solidario' CSR Program
The company launches a corporate social responsibility program focusing on education, health, and local infrastructure. #CSR #community
May 1, 2012 CE
New Production Line at Pacasmayo Inaugurated
A fourth production line is inaugurated at the Pacasmayo plant, increasing total capacity to 3.2 million tons per year. #capacity #growth
2014 CE
First 'Green Cement' Product
Cementos Pacasmayo launches 'Cemento Eco', a blended cement with lower clinker content and reduced carbon footprint. #green #innovation
2015 CE
Strategic Partnership with Holcim
The company forms a strategic alliance with Holcim to share technology and best practices in sustainable cement production. #partnership #sustainability
Mar 1, 2016 CE
Bond Issuance for Expansion
Cementos Pacasmayo issues $100 million in corporate bonds on the BVL to finance capacity expansion and debt refinancing. #finance #bonds
Nov 17, 2017 CE
Centennial Celebration
Cementos Pacasmayo celebrates 100 years of operations, marking a century of contribution to Peru's infrastructure development. #anniversary #history
2018 CE
Appointment of New CEO: Manuel F. L. de Romaña
Manuel F. L. de Romaña is appointed as CEO, leading a new strategic phase focused on digital transformation and efficiency. #leadership #CEO
Apr 1, 2019 CE
Expansion into Cajamarca Region
A new cement distribution center opens in Cajamarca, improving supply to the northern highlands. #expansion #logistics
Mar 1, 2020 CE
COVID-19 Response and Safety Measures
During the pandemic, the company implements strict health protocols and maintains operations as an essential business, while supporting local health efforts. #pandemic #safety
Jun 1, 2021 CE
Digital Platform 'Pacasmayo Conecta' Launched
Cementos Pacasmayo launches a digital customer platform for online ordering and logistics tracking, enhancing service efficiency. #digital #innovation
Feb 1, 2022 CE
Sustainability Report and Net Zero Commitment
The company publishes its first integrated sustainability report and commits to achieving net-zero carbon emissions by 2050. #sustainability #climate
Aug 1, 2023 CE
Record Annual Revenue of S/ 2.1 Billion
Cementos Pacasmayo reports record annual revenue of S/ 2.1 billion (approximately $560 million), driven by infrastructure demand. #finance #record
May 1, 2024 CE
Acquisition of Concrete Ready-Mix Business
The company acquires a ready-mix concrete company in northern Peru to vertically integrate operations and capture downstream value. #acquisition #verticalintegration
Jan 1, 2025 CE
Modernization of Pacasmayo Plant Completed
A $200 million modernization program is completed, upgrading the Pacasmayo plant with AI-driven process control and waste-heat recovery systems. #technology #modernization