Pacasmayo Has ‘Substantial Growth Potential,’ Hochschild Says

Feb. 8 (Bloomberg) -- Cementos Pacasmayo SAA, which completed a $230 million share offering in New York, has “substantial growth potential” with its cement plant expansion and phosphate project, said Eduardo Hochschild, chairman of the company’s owner Hochschild Group.

“The share will go up, down, sideways and what have you, and that’s what it usually does,” Hochschild said today in a telephone interview from New York after the shares fell as much as 14.6 percent. “In liquidity, New York has more than London and was best for the company.”

The group’s gold and silver mining company Hochschild Mining Plc trades in London.

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