The Management of BUA Cement Plc has disclosed that the Company is set to sign a contract for the building of additional three production lines, with an installed capacity of 3 million metric tonnes per annum each this week.
This disclosure was made by the Company in a notification issued and signed by the Company’s Secretary, Mr. Ahmed Aliyu.
In line with the information contained in the disclosure, the contract will be signed between the Company and Sinoma CBMI of China.
According to the statement issued by Mr. Aliyu, the three plants with an installed capacity of 3 million metric tonnes per annum each, will be located at Adamawa, Edo and Sokoto States.
This, however, when completed, is expected to increase the total installed production capacity of the cement manufacturer by a cumulative 9 million metric tonnes per annum.
- The Chairman of BUA, Abdul Samad Rabiu, disclosed that the company was set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state, in the North Eastern region of Nigeria.
The Chairman stressed that the Guyuk Cement Plant as proposed, would be a major investment in the North-East by BUA and the company would ensure that raw materials are sourced locally.
The additional three production plants with an installed capacity of 3 million metric tonnes each are expected to add to the robust infrastructure of the cement manufacturer.
- These plants when completed in 2022, in addition with its 3rd cement line of 3millon mtpa in Sokoto which has been booked for commissioning in mid-2021, are expected to increase the total installed cement production capacity of the company from 8 million mtpa to 20 million mtpa.
- This will enable the manufacturer to secure its place in the Nigerian Markets and unlock Pan-African opportunities elsewhere in the continent.
- This move is expected to place the company higher than Lafarge as the second-largest cement manufacturer in Nigeria, with a total installed capacity of 10.5 million mtpa, but lower than Dangote’s total national installed capacity of 29.25 million mtpa.
The founder of BUA Group Plc, Abdul Samad Rabiu, in his statement at the 2020 Institute of Directors Dinner, said:
