MI Gypsum
Plasterboard Plant

In December 2023, we started the commercial production of gypsum plasterboard, widely used for constructing interior walls and ceilings. Built at a construction cost of approximately US$26.0 million (S$35.0 million), the gypsum plasterboard plant, located next to our IMCCMC cement plant in Tajikistan, has an annual production capacity of 30.0 million square metres of drywall. This strategic expansion allows us to broaden our offerings of building materials over a more diverse customer base in the local Tajikistan market. We are confident in growing this new business, which will provide the Group with a new revenue stream by leveraging our well-established network of distributors in Tajikistan and selling directly to large construction companies.