Displaying items by tag: Pacific Lime and Cement

Papua New Guinea: Pacific Lime and Cement (PLC) has agreed a strategic partnership with the International Finance Corporation (IFC) to provide advisory support for PLC’s Phase 2 Central Cement Project in Central Province, Papua New Guinea. The project will be PNG’s first vertically integrated clinker and cement production facility, aimed at substituting imports and meeting domestic demand. IFC’s participation brings technical expertise and environmental, social, and governance (ESG) standards to the project, aligning it with international best practices and helping to de-risk the path toward full financing and construction. As part of the advisory scope, IFC will assess the project’s existing Environmental and Social Management System (ESMS) and recommend improvements to help PLC move toward compliance with IFC Performance Standards, a requirement for international finance.

Papua New Guinea: Mayur Resources has rebranded as Pacific Lime and Cement to reflect its transition from a resource developer to an integrated supplier of lime, cement and building products. The country’s demand is projected to grow in 2026, according to local press reports. The decision also comes amid the government’s target of reducing cement imports.

Managing director Paul Mulder said “Our rebrand to Pacific Lime and Cement reflects our transformation into an integrated industrial materials company focused on nation-building in Papua New Guinea. The new name positions us clearly in the market as a supplier of cement, quicklime and processed building products.”