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Stats: 2,161,891 members, 4,710,457 topics. Date: Monday, 21 January 2019 at 09:05 PM
BUA Merges With Cement Company Of Northern Nigeria In ‘largest Deal Of 2018’ / BUA Cement Completes Okpella Plant As Total Capacity Hits 8 Million Mta / Arewa Consultative Forum Worried Over Dangote, BUA Feud (2) (3) (4)
|BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by actiondrilling: 6:49am On Jan 08|
BUA Group has announced that it has signed another contract with cement manufacturing company, CBMI, for the construction of a new three million metric tonnes per annum Kalambaina Cement Line 2 in Sokoto State, North West Nigeria.
This comes barely 90 days after the completion of another 3million MTPA BUA Obu Cement Line 2 in Okpella, Edo State, Southern Nigeria, and seven months after the inauguration of its 1.5million MTPA Kalambaina Cement Plant Line 1 in Sokoto State, thus bringing BUA Cement’s total installed capacity to 11million MTPA by the time the new project is completed.
Similarly, the move is coming less than one week after the listing of shares from the almost $1 billion merger between BUA Kalambaina Cement Company, and Cement Company of Northern Nigeria (CCNN), where it also assumed majority stakes in the enlarged company.
Speaking at the contract signing ceremony for the plant in Sokoto State, Abdul Samad Rabiu, Executive Chairman/CEO, BUA Group and Chairman of CCNN in a statement, disclosed that the construction of the new 3million mtpa kalambaina line was in line with BUA Cement’s strategic midterm expansion programme.
According to Abdul Samad, the Nigerian market is still greatly underserved, and with the projected growth in major infrastructure projects and spending over the next few years, it is important that local manufacturers are able to scale effectively to meet current and projected demand.
Rabiu also added that this partnership between BUA and Sinoma CBMI is not the first, as they were responsible for constructing the first BUA Kalambaina plant in Sokoto State.
“We are very confident that Sinoma CBMI possesses the necessary technical expertise given their track record in deploying cement plants across the world,” Tong Laigou, Chairman of CBMI, signed on behalf of CBMI construction.
On becoming Nigeria’s second largest cement producer by volume, Rabiu said the BUA’s strategic cement expansion programme, which focused on key regional and export markets has seen it become the second largest producer of cement by volume in Nigeria this year, whilst solidifying its leadership positions in the North West, South South and South East markets of Nigeria.
“We will continue to deliver quality products, which have earned us the ‘King of Strength and King of Cement’ moniker amongst block makers who form the largest users of cement in Nigeria,” he added.
Recall that the Security and Exchange Commission (SEC), had recently approved the merger of the CCNN Plc with BUA’s Kalambaina Cement Company Limited of Nigeria that saw the enlarged CCNN become Nigeria’s 12th largest company by market capitalisation.
BUA Group’s current cement assets include the 6million MTPA Obu Cement I & II plants in Okpella, Edo State, the 500,000mtpa Edo Cement Plant, the 1.5million MTPA Kalambaina Cement Plant, and the 500,000 Sokoto Cement Plant.
The Group also owns over 90% stake in the publicly-listed CCNN Plc, and is widely acclaimed for its high capacity utilisation, efficiency, and quality of its products.
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by YouareaBITCH(f): 6:59am On Jan 08|
I made it.
Ftc, i dedicate this to all final year students who thought it was over till ASUU gave them pick two!
I also dedicate ftc to ASUU, they have the best striking force in the world. Respect!!!
2 Likes 1 Share
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by adekanmbi1986(m): 6:59am On Jan 08|
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by MANNABBQGRILLS: 6:59am On Jan 08|
The NATION is moving forward gradually after 16 years of misrule!
CRIMINALS and looters are crying and shedding tears.
Your tears will be permanent y'all.
God bless our President MUHAMMADU BUHARI as he takes us to the NEXT LEVEL, AKA the land flowing with milk and honey
12 Likes 3 Shares
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by cardoctor(m): 7:00am On Jan 08|
What a blessed country.
4 Likes 1 Share
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by GOFRONT(m): 7:00am On Jan 08|
But where is NwaAmaikpe??
3 Likes 2 Shares
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by Focus24emma: 7:01am On Jan 08|
FTC I dedicate it to atikulate fans
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by clintino700(m): 7:01am On Jan 08|
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by deji17: 7:01am On Jan 08|
Buhari is good for business.
Wailers will start asking now what we gained under Buhari. When they sit around do nothing all day and expect manna to fall from heaven or from Athiefku loot..
No food for a lazy man..
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by femmy2010(m): 7:03am On Jan 08|
Great News. Nigeria would be great .
2 Likes 2 Shares
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by deji17: 7:04am On Jan 08|
Every day one good news or the other..
Why Nigeria Is Fast Becoming The Fabrication Hub In Africa - Our biggest challenge was monopoly — but Buhari broke it, says Jadesimi
2 Likes 1 Share
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by Joromi12: 7:05am On Jan 08|
Moyinoluwa35:where does yusuf buhari work Npower abi
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by klever18(m): 7:06am On Jan 08|
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by ChimuchiYola(f): 7:07am On Jan 08|
Media stunt again
Mtcheeeeeew let me go and prepare for work jareee..
Atiku's FARO company is the best place to work in YOLA
Sey Atiku 2019
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by pelhurmy(m): 7:08am On Jan 08|
This company... My problem with them is that their "tribalism". To even make it worse, if you aren't a Muslim, forget about working there.
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by shina277: 7:09am On Jan 08|
sounds nice,but of what gain will it be when cement price doesnt reduce.inasmuch as it is a welcome development we would love to see average nigerians feel its impact even at the barest minimum
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by LiveByNight: 7:12am On Jan 08|
LIES LIES AND MORE LIES
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by kumakunta: 7:15am On Jan 08|
Whatever will boost the economy is welcomed
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by hisgrace090: 7:26am On Jan 08|
Today cement price is unaffordable.
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by GlorifiedTunde(m): 7:45am On Jan 08|
BUA is Dangote's closest competition in Nigeria.
They practically have similar portfolios except for Dangote's diversification into oil business.
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by Willie2015: 8:21am On Jan 08|
-20.9 million Nigerians became unemployed within 3 yrs plus of this administration
- As at February 2018, N- Power created just only 200,000 jobs acc to the Minister of Finance
- Plz do the maths
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by Ningi2020(m): 8:22am On Jan 08|
Joromi12:Continue to compare your self with Yusuf Buhari, if I can guess the same Yusuf was i the university bsfore his father become a president, the question here is did he change the school he is attending. Use your brain if you get one.
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by uchennaq(m): 8:32am On Jan 08|
All these na Nonsense until I start buying one bag of cement for 1000 naira
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by Joromi12: 8:36am On Jan 08|
Ningi2020:he was in the UK schooling. Where was he supposed to change to. His father claimed he could not afford apc form bt d guy dey school of 25k pounds
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by nograv: 8:37am On Jan 08|
Good for Northern business you mean...
New power stations all built up North when the densest urban areas are in the South...?
Buhari needs to go and I dont want Atiku either. I want Sowore...
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by dominique(f): 8:43am On Jan 08|
Will this bring down the price of cement?
|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by GetCofOProperty: 2:24pm On Jan 08|
Congratulations to BUA... It's a new down in the Cement industry.
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|Re: BUA Cement Capacity In Sokoto To Hit 4.5 Million Tonnes by lastempero: 2:28pm On Jan 08|
If that is all you can attribute to the current govt then APC is failed party like its counterpart.
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