Original story by Nairametrics

One of BUA Cement’s new cement plants will be built on location in Edo state before the end of 2022.

BUA  has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of 3million tonnes each per annum in Edo, and 2 other states.
These 3 new plants are in addition to BUA Cement’s already existing 6mmtpa plants in Edo State, and others in Sokoto state.

Abdul Samad Rabiu, Chairman of BUA Cement has said the expansion decision was to transform the manufacturing industry and increase Nigeria’s cement production capacity.

He said that, “Nigeria and the surrounding region is still home to huge opportunities in construction, housing, infrastructure, and allied industries”.

According to Abdul Samad Rabiu, “Despite these opportunities, there is no doubt that there is still a huge deficit in supply whilst demand continues to increase in Nigeria. This situation has led to an increase in the retail prices of cement despite ex-factory prices remaining partially unchanged.

“To bridge this huge deficit gap in Nigeria and in the absence of new major investments in the industry, we have taken this decision to invest and build these new plants at a total project cost of 1.05billion dollars which will be completed by the end of 2022.”

BUA Cement Plc is Nigeria’s second largest cement company and the largest producer in its North-West, South-South, and South-East regions.

By Editor

Teacher, Reporter, and Blogger

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