Finance

BUA Cement Plc commissions 3 million metric tonnes plant in Sokoto.

BUA gets $500m facility from IFC for industrialisation

BUA Cement Plc has commissioned a 3 million metric tonnes Sokoto Line 4 cement factory on Thursday, January 27th 2021. The event which was held in Sokoto, Northwest, Nigeria, had in attendance, the Governor of Sokoto State and the President of the Federal Republic of Nigeria, who officially commissioned the plant.

The Chairman of the BUA Group, Abdul Samad Rabiu took the opening address where he acknowledged the presence of the President and ither dignitaries. He went ahead to state that since the commission of the company’s first greenfield cement complex, over four years ago, BUA Cement Plc has “…continued our audacious yet structured expansion programme to meet the ever-growing demand for cement in Nigeria with regional exports also in focus”.

In his speech, he mentioned that in a bid to support the government’s infrastructure agenda, the company has resorted to using locally available raw materials to produce cement in Nigeria.

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Furthermore, the chairman stated that in 6 years, 4 plants have been commissioned, 2 in Obu, Edo State and two in Sokoto, taking the company’s total production capacity to 17 million metric tonnes.

In the past 6 years, we have completed 4 plants – two in Obu, Edo State and two in Sokoto (of which this sokoto line 4 is the fourth) with BUA’s total production capacity now standing at 11million tonnes with the completion of this plant,” he said.

In addition to this, Mr Rabiu states that in 2023, the group will continue to invest more in the cement industry until Nigeria is self-sufficient and cement is made available, accessible, and affordable for all Nigerians.

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Speaking on future projections, he explained that the company intends to complete the construction of two new plants, in Edo and Sokoto, both of which have a production capacity of 3 million metric tonnes each and are currently under construction. We expect these plants to be completed next year which will bring our total production capacity to 17million metric tonnes.

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Conclusively, the chairman said, “I would like to restate that BUA Cement remains fully committed in making cement more available, affordable, and accessible using raw materials available locally. This is important for housing and infrastructure development as well as national development and we will keep doing our own part to actualize this goal”.

Source: nairametrics

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