Fijian Holdings Limited (FHL) has announced that its subsidiary, Pacific Cement Pte Limited (PCL), is making strides in the repair and installation of a crucial mill component that previously led to a temporary shutdown of operations in March. In a statement to the South Pacific Stock Exchange, FHL confirmed that commissioning has begun, although they are currently facing delays attributed to ongoing technical issues.
The engineering team at PCL, along with specialized contractors, is diligently working to address these challenges. FHL has assured stakeholders of their commitment to resolving the issues as quickly and safely as possible, promising to provide regular updates as the commissioning process advances. They expressed gratitude towards their customers and partners for their continued support during this transitional period.
The mill shutdown earlier this year lasted around two to three months, leading PCL to consider importing cement to meet the market’s needs. Fortunately, the Fijian Competition and Consumer Commission (FCCC) has confirmed that a sufficient supply of cement is available to meet local demand until PCL resumes full operations, which is a positive indicator for consumers and the construction sector alike.
FCCC Chief Executive Senikavika Jiuta emphasized the collaborative efforts of local suppliers, including both PCL and Tengy Cement, to ensure stability within the cement supply chain. The commission is actively monitoring the situation and has reassured consumers that they are dedicated to preventing any exploitation during this period of adjustment.
Despite the recent slowdown in the construction sector, evidenced by an 8.9% decline in infrastructure project values from last year, market conditions indicate a possible rebound. The proactive measures taken by PCL, including their commitment to sustain supply through imports and address operational challenges, demonstrate resilience and an optimistic outlook for the future of Fiji’s construction materials market.
This industry collaboration showcases a community effort towards stability and promises a brighter horizon as local demands for construction materials continue to rise. As PCL navigates through these temporary challenges, the focus remains on supporting both the economy and consumers.
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