Omar Avellaneda

Omar Avellaneda of Vinci Compass asked whether a competitor's use of the new Chancay port to import cement would alter the competitive landscape in the Peruvian market for Cementos Pacasmayo.

Answer

Humberto Nadal Del Caprio, GM, CEO & Director, clarified that the Chancay port primarily serves the Lima market and is not expected to significantly impact Pacasmayo's northern stronghold. He explained that Pacasmayo's competitive dynamics are more influenced by the Salaverry and Paita ports and noted the competitor's use of Chancay was likely a temporary measure due to issues at the Callao port.

Omar Avellaneda from Vinci Compass asked whether CEMEX's recent use of the new Chancay port to import cement alters the competitive dynamics in the Peruvian market.

Answer

CEO Humberto Nadal Del Caprio stated that the Chancay port is a positive development for Peru but has minimal impact on Cementos Pacasmayo's market. He explained that Chancay is close to Lima and serves as an alternative to the Callao port, whereas Pacasmayo's northern market is more influenced by the Salaverry and Paita ports. He added that CEMEX's use of Chancay was reportedly due to temporary technical issues at the Callao port.

Omar Avellaneda from Vinci Compass asked whether CEMEX's recent use of the new Chancay port to import cement alters the competitive dynamics in the Peruvian market for Cementos Pacasmayo.

Answer

Humberto Nadal Del Caprio, GM, CEO & Director, explained that while the Chancay port is positive for Peru, its impact on Pacasmayo is minimal. He noted the port primarily serves the Lima market and is an alternative to the Callao port, whereas Pacasmayo's market is influenced by the Salaverry and Paita ports in the north. He added that CEMEX's use of Chancay was due to temporary technical issues at the Callao port, and it is not certain they will continue to use it.

Omar Avellaneda from Vinci Compass asked whether CEMEX's recent use of the new Chancay port to import cement alters the competitive landscape for the Peruvian market.

Answer

CEO Humberto Nadal Del Caprio explained that the Chancay port primarily impacts the Lima market due to its proximity and serves as an alternative to the Callao port. He stated that Pacasmayo's northern market is more influenced by the Salaverry and Paita ports. Mr. Nadal concluded that while any new port can cause minor shifts, he does not foresee a significant change in competitive dynamics for Pacasmayo's core region.