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Pacific Lime and Cement Limited ( (AU:PLA) ) just unveiled an announcement.
Pacific Lime and Cement Limited has announced significant progress in the construction of its Central Lime Project in Papua New Guinea. The project is advancing according to schedule and budget, with key developments including nearing completion of kiln cutting, completion of foundations for the fuel storage facility and batch plant, and progress in wharf construction and access road development. The workforce has expanded to over 200 personnel, with a strong emphasis on local employment, enhancing regional economic participation. The company remains confident in achieving its target for first production within the planned 18-month timeframe, indicating positive implications for its operational capabilities and regional influence.
More about Pacific Lime and Cement Limited
Pacific Lime and Cement Limited operates in the construction materials industry, focusing on the production of lime and cement. The company is actively involved in infrastructure development projects, particularly in Papua New Guinea, where it is contributing to nation-building efforts.
Average Trading Volume: 1,156,529
Technical Sentiment Signal: Buy
Current Market Cap: A$236.4M
For detailed information about PLA stock, go to TipRanks’ Stock Analysis page.