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.

https://www.akelicious.net/2019/01/bua-cement-capacity-in-sokoto-to-hit-45.html

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!!!

Hmm.

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

What a blessed country.

But where is NwaAmaikpe??

Good
FTC I dedicate it to atikulate fans

SMH

Moyinoluwa35:
You graduated Since 1999 -2015 but could not get a
job because you don't know any PDP Stakeholder
to give you one. President Buhari within one year in
office employed you under N-POWER, he gave you
IPad phone with monthly subscription of about
750MB, he is Paying you #30,000 every month
even when you don't go to work. Now you are using
the same phone and free Subscription to cook lies
against your employer (PMB) on Social Media.
I am neither preaching nor begging you to Stop, but
I want you to examine yourself and know if you
voted for President Buhari in 2015, Vote where you
like, the option is yours.
Next Level Is The Answer!!!!!!!!!!

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 Atiku loot..
No food for a lazy man..

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

https://www.nairaland.com/4944372/why-nigeria-fast-becoming-fabrication#74520454

Moyinoluwa35:
You graduated Since 1999 -2015 but could not get a
job because you don't know any PDP Stakeholder
to give you one. President Buhari within one year in
office employed you under N-POWER, he gave you
IPad phone with monthly subscription of about
750MB, he is Paying you #30,000 every month
even when you don't go to work. Now you are using
the same phone and free Subscription to cook lies
against your employer (PMB) on Social Media.
I am neither preaching nor begging you to Stop, but
I want you to examine yourself and know if you
voted for President Buhari in 2015, Vote where you
like, the option is yours.
Next Level Is The Answer!!!!!!!!!!

where does yusuf buhari work Npower abi

dangote

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

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.

So bad!!!

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

LIES LIES AND MORE LIES

APC PROPAGANDA


Liarsss

Whatever will boost the economy is welcomed

shina277:
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

Today cement price is unaffordable.

BUA is Dangote's closest competition in Nigeria.

They practically have similar portfolios except for Dangote's diversification into oil business.

Moyinoluwa35:
You graduated Since 1999 -2015 but could not get a
job because you don't know any PDP Stakeholder
to give you one. President Buhari within one year in
office employed you under N-POWER, he gave you
IPad phone with monthly subscription of about
750MB, he is Paying you #30,000 every month
even when you don't go to work. Now you are using
the same phone and free Subscription to cook lies
against your employer (PMB) on Social Media.
I am neither preaching nor begging you to Stop, but
I want you to examine yourself and know if you
voted for President Buhari in 2015, Vote where you
like, the option is yours.
Next Level Is The Answer!!!!!!!!!!

-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

Joromi12:
where does yusuf buhari work Npower abi

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.

All these na Nonsense until I start buying one bag of cement for 1000 naira

Ningi2020:
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.

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

deji17:
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 Atiku loot..
No food for a lazy man..

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...

Will this bring down the price of cement?

Congratulations to BUA... It's a new down in the Cement industry.

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Moyinoluwa35:
You graduated Since 1999 -2015 but could not get a
job because you don't know any PDP Stakeholder
to give you one. President Buhari within one year in
office employed you under N-POWER, he gave you
IPad phone with monthly subscription of about
750MB, he is Paying you #30,000 every month
even when you don't go to work. Now you are using
the same phone and free Subscription to cook lies
against your employer (PMB) on Social Media.
I am neither preaching nor begging you to Stop, but
I want you to examine yourself and know if you
voted for President Buhari in 2015, Vote where you
like, the option is yours.
Next Level Is The Answer!!!!!!!!!!

If that is all you can attribute to the current govt then APC is failed party like its counterpart.