CPAC News & Events

Holcim (HCMLY) has finalized the indirect acquisition of a majority stake in Cementos Pacasmayo (CPAC), a Peruvian construction materials producer with reported net sales of $630M in 2025. This synergistic acquisition expands Holcim's portfolio of construction materials and solutions in Peru and is expected to accelerate profitable growth in the Latin American region, in line with its NextGen Growth 2030 strategy. "I warmly welcome the more than 2,000 employees of Cementos Pacasmayo to the Holcim family. Working together, we will build upon the exceptional legacy of Cementos Pacasmayo in Peru, driven by a deep commitment to people and customers. This synergistic acquisition provides us with a complementary and highly profitable portfolio of construction materials and solutions in Peru, and is fully aligned with our NextGen Growth 2030 strategy to accelerate our growth in Latin America," stated Miljan Gutovic, CEO of Holcim Group. Founded 68 years ago, Cementos Pacasmayo operates three cement plants with a combined capacity of approximately 5M tons per year, as well as a total of 28 ready-mix and precast concrete plants. The company distributes through more than 300 retail stores that will complement Disensa, Holcim's leading construction materials and solutions franchise network in Latin America. Additionally, the company has developed digital platforms to drive customer-centric services and administrative productivity. Humberto Nadal, CEO of Cementos Pacasmayo, will continue in his role as CEO and will assume the position of Chairman of the Board of Cementos Pacasmayo. Additionally, Cementos Pacasmayo will adopt the Holcim Group Code of Ethics. Holcim Ltd intends to initiate a mandatory tender offer process to acquire additional shares in Cementos Pacasmayo, in accordance with Peruvian law.

Cementos Pacasmayo announced that in accordance with the Peruvian Security Market Law Resolution for Material Events and Reserved Information N degrees 005-014-SMV/01, the Annual Shareholders' Meeting held on March 24, approved the following: Election or Removal of the Board of Directors; Approval of Corporate Management Reports; Propose to the Mandatory Annual Shareholders' Meeting to approve the Audited Financial Statements as of December 31, 2025, together with the external auditors' report and opinion and the notes to the Financial Statements; as well as the Corporate Management and the Integrated Annual Report, which includes the annual Corporate Governance report and the Sustainability Report corresponding to the 2025 fiscal year, which are attached and will be published on the Company's website. The Mandatory Annual Shareholders' Meeting approved by a majority of 69.62% the Audited Financial Statements as of December 31, 2025, together with the external auditors' report and opinion and the notes to the Financial Statements; as well as the Corporate Management and the Integrated Annual Report, which includes the annual Corporate Governance report and the Sustainability Report corresponding to the 2025 fiscal year. Propose to the Mandatory Annual Shareholders' Meeting for the ratification of the dividend distribution carried out during the 2025 fiscal year for the amount of S/ 190,300,410.65 at a rate of S/ 0.41 per common and investment share, charged to the Company's retained earnings as of December 31, 2024, of which S/ 14,776,603.76 correspond to investment shares acquired by the Company; therefore, as this amount remains within the Company's equity, the dividend amount corresponding to third parties was S/ 175,523,806.89. The Mandatory Annual Shareholders' Meeting approved by a majority of 85.78% the ratification of the dividend distribution carried out during the 2025 fiscal year. Propose to the Mandatory Annual Shareholders' Meeting the application of the 2025 fiscal year profits to the "Retained Earnings" account and the delegation of authority to the Board of Directors for the payment of dividends charged to the "Retained Earnings" account and as an advance against the 2026 fiscal year. The Mandatory Annual Shareholders' Meeting approved by a majority of 69.70% the application of the 2025 fiscal year profits to the "Retained Earnings" account and the delegation of authority to the Board of Directors for the payment of dividends charged to the "Retained Earnings" account and as an advance against the 2026 fiscal year. Propose to the Mandatory Annual Shareholders' Meeting the approval of the report on Environmental, Social, and Corporate Governance aspects, including our focus on sustainability and climate risks; our commitments to emissions reduction and carbon neutrality; promotion of gender equity and diversity; and the implementation of reporting on risks and opportunities linked to climate change. The Mandatory Annual Shareholders' Meeting approved by a majority of 83.84% the report on Environmental, Social, and Corporate Governance aspects, including our focus on sustainability and climate risks; our commitments to emissions reduction and carbon neutrality; promotion of gender equity and diversity; and the implementation of reporting on risks and opportunities linked to climate change. The number of directors was set at seven by a majority of 92.09%. The term of the Board is 2026 - 2028. Directors shall hold office from their appointment by the Mandatory Annual Shareholders' Meeting until the holding of the Mandatory Annual Shareholders' Meeting that approves the Financial Statements for the fiscal year ending December 31, 2028.