- A new plant in Junín will drive national lime production with efficient technology, strengthening the mining, cement, and construction value chains in Peru.
The project incorporates state-of-the-art technology and sustainable practices to optimize resources and promote jobs in the central region of the country.
WASHINGTON – IDB Invest will provide up to $50 million in financing to Calcem S.A. for the construction and start-up of a lime production plant in the Junín region. The project aims to meet the growing demand for lime in the central region of the country and contribute to Peru’s industrial and mining development with cutting-edge technology and a focus on sustainability.
The new Calcem plant, located within Unacem’s industrial complex in Condorcocha, will increase national production capacity, with an initial capacity of 200,000 tons per year, supplying key sectors such as mining, construction, and energy. Equipped with state-of-the-art vertical kilns, it is expected that the project will reduce energy consumption and environmental impact, optimize logistics, and strengthen job creation in the region.
The IDB Invest loan, with a term of up to ten years, offers long-term financing conditions that are rarely available in the local market.
Lime is a key input for sectors such as mining, construction, gas desulfurization, the chemical industry, and agribusiness, and plays an essential role in copper production—a mineral critical for the energy transition. With national demand exceeding 1.3 million metric tons per year, it is a strategic component for the country’s industrial competitiveness and sustainability.
Beyond financing, IDB Invest will support Calcem and its partners with technical assistance to strengthen their environmental, social, and governance practices, including the implementation of a specific environmental and social management system for the plant.
About IDB Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 400 clients in 25 countries, IDB Invest offers innovative financial solutions and advisory services that meet the needs of clients across diverse sectors. Visit our website: www.idbinvest.org/en.
About Calcem
With over a century of experience in their respective sectors, Grupo UNACEM and the Mexican company Grupo Calidra, both industrial leaders in Latin America, have established CALCEM S.A., a company dedicated to the production and sale of lime through the construction of a modern lime plant in Condorcocha, Tarma province. For Grupo UNACEM, the initial project of 200,000 tons per year, with an investment of $70 million, represents a strategic diversification decision that allows it to expand its portfolio into a high-value business for key sectors such as mining and construction.