Cementos Pacasmayo SAA : Cementos Pacasmayo announces plan to separate cement operation and phosphate holdings into two independent public companies . Company's ownership of Fosfatos Del Pacifico will be transferred to a separate entity, Fossal . Proposed corporate reorganization is tax-free . Fossal will in turn own 70% of Fospac . For each common share of co existing shareholders to receive about 0.20 common share of Fossal & about 0.80 common share of co .Fossal will retain same directors and CEO.
Cementos Pacasmayo SAA : Said on Tuesday decided to close its unit Calizas del Norte as a result of opening of Planta de Piura and change in operation of Cantera Tembladera quarry . To sell exploration rights to Cantera Tembladera quarry in a private offer .Says operation is a result of lower demand for materials from Planta Pacasmayo and high inventory of over 10 months of coverage.