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PNG Eyes Cement Self-Sufficiency with Mayur Deal

 Mayur Industrials PNG Limited has been announced as a Gold Sponsor for the 2nd Papua New Guinea Special Economic Zones (SEZ) Summit, set to take place from August 31 to September 3, 2025, at APEC Haus in Port Moresby.

Minister for International Trade and Investment, Richard Maru, made the announcement earlier this week, welcoming the company’s involvement in what is shaping up to be a key national investment event. Mayur Industrials is a wholly owned subsidiary of the ASX-listed Mayur Resources Limited.

“We are pleased to welcome Mayur Industrials as a Gold Sponsor,” Minister Maru said. “Their Central Cement and Lime Project, located in a Single Factory Zone SEZ, exemplifies the type of transformative, nation-building initiative that our SEZ framework is designed to support.”


The Central Cement and Lime Project has recently seen progress following the resolution of earlier issues between the company and the Special Economic Zones Authority (SEZA). Maru confirmed that he, the SEZA team, and Prime Minister James Marape have reached a consensus with the company, clearing the way for the project to move forward.

“The project is now aligned with SEZA’s objectives and is expected to go before the National Executive Council for formal recognition as a strategic national priority once state negotiations are finalised,” Maru explained.

He emphasised the significance of the project in reducing PNG’s dependence on imported cement. “This development is expected to generate over 1,000 jobs during construction,” Maru said. “The Marape-Rosso Government is strongly backing it because we aim to completely replace cement imports and reduce costs across the country.”

Currently, much of the country’s cement is imported from China and other nations. The Minister expressed hope that this would end once the Central Cement and Lime Project becomes operational. “We have ample limestone resources in PNG. There is no reason why we can’t meet our own demand and become a net exporter of cement,” he added.

Maru also made a direct appeal to local investors to join Mayur Industrials and its landowner partners in related industries, including pre-cast concrete and construction material manufacturing. “These are high-demand sectors, and we want genuine partners who believe in industrialising PNG,” he said.

The SEZ Summit is expected to serve as a springboard for such partnerships, showcasing investment opportunities in emerging industrial zones.

Maru also acknowledged Mayur Industrials’ commitment to localising its operations. The company recently completed the establishment of its main office in Port Moresby, which will house about 50 staff as the project scales up.

“This is precisely what we envision with SEZs — investment, employment, and integration into our economy,” Maru noted. “Partners like Mayur Industrials give us confidence that SEZs will drive PNG’s economic transformation through sustainable and export-ready industries.”

In a further sign of confidence in the domestic market, Mayur Industrials has also submitted an application for dual listing on the Papua New Guinea Stock Exchange (PNGX), a move Maru welcomed.

“Their application shows growing investor confidence in PNG’s economic future. We will support them to complete this listing before the end of the year,” he said.

The SEZ Summit is expected to bring together domestic and international stakeholders to promote and advance Papua New Guinea’s push for inclusive, industrial growth.

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