Founding of the Caracoto cement factory

In 1963, the Caracoto cement factory was founded, an event that marked an important milestone in the industrial development of the department of Puno. This factory made Juliaca the only center producing a raw material essential for the department's development. The founding of this factory was part of a broader process of urban modernization in the city of Juliaca, which experienced explosive population growth during the 1950s and 1960s. The installation of this cement industry consolidated Juliaca as the economic hub and commercial center of the department of Puno, differentiating it from landowning Puno and strengthening its influence in the region surrounding Lake Titicaca and the border area.