Port Moresby, June 18, 2025 — The Minister for International Trade and Investment, Hon. Richard Maru, has officially welcomed Mayur Industrials PNG Limited as a Gold Sponsor for the 2nd Papua New Guinea Special Economic Zones (SEZ) Summit. The summit will be held at the APEC Haus, Port Moresby, from August 31 to September 3, 2025.
About Mayur Industrials and the Central Cement and Lime Project
Mayur Industrials PNG Limited is a fully owned subsidiary of ASX-listed Mayur Resources Limited. The company’s Central Cement and Lime Project is located within a Single Factory Zone SEZ and is regarded as a key transformative initiative that aligns perfectly with the government’s vision for economic growth and industrialization.
Minister Maru described the project as a “flagship nation-building initiative” designed to support PNG’s infrastructure needs and reduce reliance on imported cement.
Government Support and Job Creation
Minister Maru highlighted that recent concerns between the SEZ Authority (SEZA), Mayur Industrials, and the government have been resolved, with all parties aligned in their goals. The project will soon be presented to the National Executive Council as a strategic national priority.
One of the most exciting aspects of the project is its job creation potential, with over 1,000 construction jobs expected to be generated. This aligns with the government’s commitment to creating employment and supporting local industry growth.
Reducing Cement Imports and Building PNG’s Future
Cement is essential for building infrastructure, and currently, PNG imports large quantities from overseas, particularly China. Minister Maru stressed that the government is eager to replace all cement imports with locally produced cement from PNG’s abundant limestone resources.
He explained, “We want to ensure that none of the lime by-products are exported overseas. All resources must be used to build PNG’s roads, schools, and other vital infrastructure.”
With four other limestone projects underway, the government envisions PNG becoming a net exporter of cement in the near future.
Opportunities for Local and Foreign Investors
Minister Maru invited other PNG investors to partner with Mayur Industrials and its 50/50 local landowner partners. Investment opportunities exist in cement manufacturing, pre-cast concrete, and other construction materials industries critical to PNG’s industrialization.
The upcoming SEZ Summit will be a key platform to showcase these opportunities and attract serious partners committed to PNG’s economic transformation.
Dual Listing on PNG Stock Exchange
Highlighting growing confidence in PNG’s economy, Minister Maru applauded Mayur Industrials for their application to dual list on the Papua New Guinea Stock Exchange (PNGX). The government supports their efforts and aims to see the listing completed by the end of 2025.
Commitment to Local Operations and Employment
Mayur Industrials recently opened its main operating office in Port Moresby, accommodating approximately 50 staff members, in addition to its Brisbane headquarters. This move demonstrates a strong commitment to embedding the company’s operations within PNG’s economy and creating local jobs.
Minister Maru’s Vision for SEZs
Minister Maru reiterated the government’s vision for Special Economic Zones as catalysts for attracting investment, creating jobs, and building export-ready industries in PNG.
“With partners like Mayur Industrials, we are confident that SEZs will drive PNG’s economic transformation and support sustainable growth,” he said.
Looking Ahead: The 2nd PNG SEZ Summit
The 2nd PNG SEZ Summit promises to be an important event for industry leaders, investors, and government officials. It will highlight opportunities within the SEZ framework and promote collaboration to build PNG’s industrial base.
Conclusion
The PNG government’s support for Mayur Industrials and the Central Cement and Lime Project marks a significant step toward achieving industrial self-reliance, job creation, and economic growth. The upcoming SEZ Summit will provide an ideal platform to further these goals and attract vital investments for Papua New Guinea’s future.