Contract awarded for new East Timor plant

Contract awarded for new East Timor plant
05 December 2013

POSCO E&C Australia Pty Ltd announced it has won a US$350m project to build a cement plant in East Timor.

The Timor-Leste Cement plant, owned by BGC (Australia) Pty Ltd, will be situated 120km east of the capital Dili, according to reports by the Korea Economic Daily. POSCO E&C Australia will be responsible for the whole process from engineering to procurement and construction. The length of the project will be 34 months.

East Timor has made considerable progress since independence from Indonesia in 2012. An increase in government infrastructure spending has seen consumption climb steadily over the 2010-12 period to reach 0.15Mt and further growth in anticipated.  Local cement demand is entirely met by cement imports on East Timor, with volumes mainly arriving from Indonesia. Semen Tonasa supplied 60 per cent of volumes in 2011 and Semen Bosowa the remainder.

Published under Cement News