The Minister for International Trade and Investment, Hon. Richard Maru, this morning, welcomed Mayur Industrials PNG Limited as a Gold Sponsor for the upcoming 2nd Papua New Guinea Special Economic Zones (SEZ) Summit, to be held at the APEC Haus in Port Moresby from August 31st to September 3rd, 2025.
Mayur Industrials PNG Limited is a wholly owned subsidiary of ASX-listed Mayur Resources Limited (the Company or Mayur).
Minister Maru said: “We are pleased to welcome Mayur Industrials as a Gold Sponsor. Their Central Cement and Lime Project residing in a Single Factory Zone SEZ exemplifies the type of transformative, nation-building initiative the SEZ framework is designed to support.
Minister Maru expressed satisfaction that the SEZ Authority (SEZA), himself, and the Prime Minister, Hon. James Marape, MP, had resolved recent concerns, with SEZA and the Company now aligned.
“Central Cement and Lime Project will shortly come before the National Executive Council to formalize its recognition as a strategic national priority after the State Negotiations are concluded. This project will directly create over 1,000 jobs during construction.”
“The Marape-Rosso Government is very supportive of this project because we want to replace all cement imports and reduce the cost of cement. Cement is essential in building our nation. We have four other limestone projects on the way. We want to see all our roads built with cement from the lime resources within PNG. We do not want to see any of our lime by-products like clinker to be sent overseas. All our lime must be used for our nation-building projects in PNG,” said Minister Maru.
“We are currently importing cement from China and we know that our cement factory in Lae is importing cement from other countries. We want this to cease when this project starts. We have enough resources here to supply our own needs and be the net exporter of cement.” Minister Maru added.
Minister Maru invited other PNG investors to partner with Mayur Industrials and its 50/50 local landowner partners in complementary industries such as cement manufacturing, pre-cast concrete, and other high-demand construction materials essential to industrialising PNG.
“The SEZ Summit will be a platform to showcase these opportunities and attract serious partners who want to help build PNG’s industrial base.”
Minister Maru also acknowledged that Mayur Industrials had responded to his call to seek a dual listing on the Papua New Guinea Stock Exchange (PNGX).
“Their dual listing application reflects growing confidence in PNG’s economy. We will support them to complete this before the end of this year.”
Minister Maru further commended Mayur Industrials for establishing its main operating office in Port Moresby alongside its Brisbane headquarters. The new office, recently completed, will accommodate approximately 50 staff as the project ramps up.
“This aligns with our vision for SEZs—to attract investment, create jobs, and embed companies in the national economy. With partners like Mayur Industrials, we are confident SEZs will help drive PNG’s economic transformation through resilient, export-ready industries,” said Minister Maru.
