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Pacific Lime and Cement Limited ( (AU:PLA) ) just unveiled an update.
Pacific Lime and Cement Limited announced the Final Investment Decision for its Central Lime Project, marking the start of full-scale construction and development. The project aims to establish Papua New Guinea’s first vertically integrated quicklime manufacturing facility, with an initial production capacity of 400,000 tonnes per annum. Significant progress was made in construction activities, including bulk earthworks and infrastructure development, such as access roads and a dedicated port facility. The company also made strides in market development, with initial quicklime sales in Western Australia and ongoing discussions with potential customers in PNG and the broader Asia-Pacific region. These developments are expected to strengthen PLC’s market position and support the local economy by reducing reliance on imported lime and cement.
More about Pacific Lime and Cement Limited
Pacific Lime and Cement Limited (PLC) is a company focused on becoming the leading vertically integrated lime and cement producer in Papua New Guinea. It aims to supply critical building and industrial materials to the Asia-Pacific region.
Average Trading Volume: 1,131,612
Technical Sentiment Signal: Buy
Current Market Cap: A$222.3M
Learn more about PLA stock on TipRanks’ Stock Analysis page.