Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Cementos Pacasmayo S.A.A. is a Peruvian cement and construction materials company primarily serving the northern regions of Peru. The company operates in the cement, ready-mix concrete, precast concrete, and construction solutions industries, with cement representing its core revenue driver. Its products are mainly used in residential, commercial, infrastructure, and self-construction projects, with a strong focus on regional distribution efficiency.
Founded in 1957, Cementos Pacasmayo has evolved from a single cement plant into an integrated construction materials provider. The company is known for its strategic positioning in northern Peru, where it benefits from geographic barriers, proximity to key markets, and a logistics network that supports cost efficiency. Cementos Pacasmayo S.A.A. is listed on the Lima Stock Exchange and its American Depositary Shares trade on the New York Stock Exchange under the ticker CPAC, making it subject to SEC filings and international reporting standards.
Business Operations
The company operates through three primary business segments: Cement, Concrete, and Precast and Construction Solutions. The Cement segment includes the production and sale of cement and clinker, which accounts for the majority of revenues. The Concrete segment produces ready-mix concrete, while the Precast and Construction Solutions segment focuses on prefabricated concrete products and value-added solutions for housing and infrastructure projects.
Cementos Pacasmayo’s operations are predominantly domestic, with production facilities strategically located to serve northern Peru. Key assets include cement plants, grinding facilities, distribution terminals, and an integrated logistics platform. The company operates through subsidiaries such as Cementos Pacasmayo Norte S.A.C. and Distribuidora Norte Pacasmayo S.R.L., which support manufacturing and distribution activities. While international sales are limited, the company maintains exposure to global markets through imported inputs, equipment, and financing.
Strategic Position & Investments
Cementos Pacasmayo’s strategy emphasizes profitable growth in northern Peru, operational efficiency, and disciplined capital allocation. Growth initiatives include expanding capacity utilization, developing new construction solutions tailored to self-construction and affordable housing markets, and enhancing digital tools for customer engagement and logistics optimization.
The company has made targeted investments in capacity expansion, energy efficiency, and alternative fuels to reduce costs and environmental impact. Notable investments include modernization of cement plants and increased participation in downstream construction solutions. Cementos Pacasmayo has not pursued large-scale international acquisitions, instead focusing on strengthening its regional moat through organic growth and selective investments in complementary businesses and technologies related to sustainable construction.
Geographic Footprint
Cementos Pacasmayo’s operations are concentrated in Peru, with a dominant presence in the northern regions, including Piura, La Libertad, Lambayeque, Cajamarca, and Ancash. Its headquarters are located in Lima, while its main production facilities are located closer to end markets in northern Peru to minimize transportation costs.
The company does not operate manufacturing facilities outside Peru, but its capital markets presence extends internationally through its NYSE-listed ADSs. This international footprint provides access to global investors and financing, while operational influence remains firmly centered on the Peruvian construction and infrastructure market.
Leadership & Governance
Cementos Pacasmayo is controlled by the Hochschild family and is governed by a professional management team with deep experience in the construction materials and industrial sectors. The company’s leadership emphasizes long-term value creation, operational discipline, sustainability, and strong corporate governance aligned with public-market standards.
Key executives include:
- Jaime Rafael Muguiro – Chief Executive Officer
- Guillermo Bustamante – Chief Financial Officer
- Luis Díaz – Chief Operating Officer
- María Isabel León – Independent Board Member
- Eduardo Hochschild – Chairman of the Board
Management’s strategic vision focuses on reinforcing regional leadership, improving returns on invested capital, and integrating sustainability and innovation into core operations, consistent with disclosures in SEC filings and public corporate communications.