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BUA: No Increase In The Price Of Our Cement - Business - Nairaland

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BUA: No Increase In The Price Of Our Cement by aminulive: 3:31pm On Jun 18, 2021
BUA Cement Plc has stated that there is no increase in price of its Cement products.

In a statement sent to POLITICS NIGERIA on Friday, the company called on the general public to ignore any rumour of a price increase.

"We are compelled to release this statement following requests from our distributors and customers seeking clarification as to whether BUA also intends to increase the price of its cement. This is in view of a purported increase of N260 by another major Cement producer – Dangote Cement.

["We are now aware that Dangote Cement has increased the price of its Cement (ex-factory) by N260 effective Monday, June 14, 2021. BUA is not a part of this increase and will not seek to increase the price of its cement (ex-factory) in the foreseeable future. BUA therefore restates its earlier position communicated on April 24, 2021 that it will not join in any increase in the prices of Cement for the foreseeable future."

" Whilst we believe it is the prerogative of any company in a free-market economy to determine the prices of their products as they deem fit, based on their urgent business needs, our position not to increase our own prices is anchored on the following:

"We are aware of the feedback and outcry from the public, and the government on the high retail price of cement in a period of economic recovery. BUA is also of the firm belief that the current retail prices of Cement are higher than normal, hence our earlier communication not to increase ex- factory prices in the foreseeable future."

"Since our last communication to our customers and the public, we have noticed a slight decline in the price of cement due to the commencement of the rainy season - during which demand is reduced. We believe that any further increase in prices will hamper a continuous downward trend as well as hamper a normalization/stabilization of prices of the commodity."

"As a responsible corporate entity, we refuse and reject associations with any actions that are deemed capable of projecting any industry we operate in as a cartel. Hence, whilst we respect that the said company has decided to increase their prices, we are not questioning the reason(s) why, but would like to make clear BUA’s position on a price increase."

"The Timing is not right for any increase on BUA’s part, and we do not have any justifiable business reason to increase our prices (ex-factory) anytime soon. We hope that despite this producer’s price increase, the overall retail price of cement and current downward trend in prices will not be affected negatively."
https://politicsnigeria.com/no-increase-in-price-of-our-cement-bua/

15 Likes 3 Shares

Re: BUA: No Increase In The Price Of Our Cement by mbasharon(m): 3:34pm On Jun 18, 2021
Noted

2 Likes 3 Shares

Re: BUA: No Increase In The Price Of Our Cement by nateDZA(m): 3:44pm On Jun 18, 2021
tongue undecided Chai Naija...perSin no fit buiLd hOuSe for hin Papa again juSt becOs onLy tWo peopLe for thiS Country don Use Us dey catCh CruiSe


Few days baCk i was reminiscing when the price of Our Almighty 12mm & 16mm Rods was N2500 & N4000 in the market, but now na no go area undecided

16 Likes 1 Share

Re: BUA: No Increase In The Price Of Our Cement by MkBaron(m): 3:44pm On Jun 18, 2021
Okay
Re: BUA: No Increase In The Price Of Our Cement by cjudy(m): 3:45pm On Jun 18, 2021
How much is the cement?

16 Likes

Re: BUA: No Increase In The Price Of Our Cement by Sharon6(f): 3:45pm On Jun 18, 2021
Hmmm
Re: BUA: No Increase In The Price Of Our Cement by DonKharly(m): 3:45pm On Jun 18, 2021
Nice one.. This man is an state business man, unlike the other one with the orange towel.

19 Likes 1 Share

Re: BUA: No Increase In The Price Of Our Cement by Legalcriminal: 3:45pm On Jun 18, 2021
K
Re: BUA: No Increase In The Price Of Our Cement by almujahidy: 3:45pm On Jun 18, 2021
May Allah continue to bless the owner of BUA and ease his affairs.

32 Likes

Re: BUA: No Increase In The Price Of Our Cement by Badonasty(m): 3:45pm On Jun 18, 2021
K
Re: BUA: No Increase In The Price Of Our Cement by salbis(m): 3:45pm On Jun 18, 2021
To some extent, i think BUA is a lesser evil than Dangote. Dangote is a greedy businessman.

58 Likes

Re: BUA: No Increase In The Price Of Our Cement by yrret: 3:46pm On Jun 18, 2021
Plenty writing without content.

How much is your cement? Avoid us this epistle that can't hold water.

This country, finally! na cruise...

Please I have never been an advocate of leaving Nigeria but at this point If you have your way please leave this country.

12 Likes 1 Share

Re: BUA: No Increase In The Price Of Our Cement by naijadrivablog: 3:47pm On Jun 18, 2021
Bua and Dangote muscling themselves
Re: BUA: No Increase In The Price Of Our Cement by dalongjnr: 3:47pm On Jun 18, 2021
Nice one Rabiu musa.

2 Likes

Re: BUA: No Increase In The Price Of Our Cement by NotKnown: 3:47pm On Jun 18, 2021
So how much is your price now?

3 Likes

Re: BUA: No Increase In The Price Of Our Cement by EmmaLege: 3:47pm On Jun 18, 2021
wink wink
Re: BUA: No Increase In The Price Of Our Cement by Authoreety: 3:47pm On Jun 18, 2021
This cement guys just dey frustrate young hustlers like us wey dey try meet up wt our building projects... But God no go shame us... We must complete am this year in Jesus Name. AMEN!

41 Likes

Re: BUA: No Increase In The Price Of Our Cement by careytommy37(m): 3:48pm On Jun 18, 2021
Next Level grin
Re: BUA: No Increase In The Price Of Our Cement by BarrElChapo(m): 3:48pm On Jun 18, 2021
Dangote is getting on our nerves

6 Likes 1 Share

Re: BUA: No Increase In The Price Of Our Cement by omofranyoung(m): 3:48pm On Jun 18, 2021
If our government can checkmate Dangote activities in line with national interest....
Half of the country problem will be solve.

6 Likes 1 Share

Re: BUA: No Increase In The Price Of Our Cement by crazygod(m): 3:48pm On Jun 18, 2021
Dangote Dangote Dangote still dey find money ......... But he should cool down too o. Not by discouraging people wey wan build house
Re: BUA: No Increase In The Price Of Our Cement by CsRockefeller(m): 3:48pm On Jun 18, 2021
Dangote is too greedy.

When you read about "The Men who Built America" you will agree with me that men like Dangote play a vital role to the economic and development progress of a nation and its citizens.

By the continuous increase in price of cement, Dangote is telling most Nigerians to kiss their dream of owing a home goodbye.

To the Government, no individual or institution should have much control over the prices of an essential products, I really fear when his refinery will kick start production, Nigerians might wish the status quo remained.

16 Likes

Re: BUA: No Increase In The Price Of Our Cement by Munzy14(m): 3:49pm On Jun 18, 2021
Akuko mike.....one bag 4500..


One thing is certain, when this hunger calamity coming on the way hits the country....Average and below will feast on criminal minded capitalists like bua, dangote etc....Who have in a way by hook or crook..siphon what belongs to everyone through their political associates....cheesy


It's coming gradually..

7 Likes

Re: BUA: No Increase In The Price Of Our Cement by joowealth(m): 3:49pm On Jun 18, 2021
That is one of sales/market strategy. Good to hear anyway.
Re: BUA: No Increase In The Price Of Our Cement by MANNABBQGRILLS: 3:49pm On Jun 18, 2021
Good news, Very Good News,
But it will be a bad news to the children of hate, frustrations and perdition.
Thr frustrated evil animals in our darling nation.
All they want is to be reading sad, bad and negative news about our country.
And man such negative and bad news always be with them alone in their abode, among their family members.

Devil punish all enemies of this country.

Nigeria will be great again in our lifetime.
God bless Nigeria.

We Rise.

4 Likes 8 Shares

Re: BUA: No Increase In The Price Of Our Cement by Thinktwicemybro: 3:49pm On Jun 18, 2021
You did not increase cement? One bag was 2,500 in January 2020 and now it is 4,500 in 2021 and you say you did not increase it?

Many Nigerians have lost hope in building their own houses.

Even the commenter above me may never be able to mould block talkless of building house in this life considering that fact that his 30k salary can only buy 5 bags of cement.

12 Likes

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