Cement News tagged under: BUA

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Nigerian producers agree to lower prices

22 February 2024, Published under Cement News

Nigeria-based Dangote , BUA Cement and Lafarge have agreed to lower cement prices in the country, despite rising production costs. According to This Day Live, the three manufacturers have stated that a 50kg bag of cement should have a maximum retail price of NGN8000 (US$4.98). Following a meeting with Nigeria’s Minister of Works and the Minister of Industry, Trade and Investments, the producers said a monitoring team would be set up to ensure compliance with the new pricing agreement.  ...

BUA to slash cement prices

18 September 2023, Published under Cement News

BUA Cement has announced plans to lower cement prices from NGN5000-5500/bag (US$6.39-7.02/bag) to NGN3000-3500/bag, according to local press reports. AbdulSamad Rabiu, chairman of the BUA Group, said the move is part of the company’s commitment to help reduce the financial burden on the Nigerian population. With two new lines of 3Mta each due for commissioning by the end of 2023, taking the group’s total cement capacity to 17Mta, the cement producer intends to reduce the price of cement...

BUA boosts capacity by 6Mta

07 June 2023, Published under Cement News

BUA Cement has received funding to develop two new production lines at its cement plant in Sokoto state, Nigeria. The US$500m funding will boost BUA’s total production capacity from 11Mta to 17Mta, according to Reuters. Each line will produce around 3Mta, serving markets in Nigeria, Niger and Burkina Faso, and run partly on alternative fuels derived from waste and solar power. The funding includes US$160.5m from the International Finance Corp, US$245m in syndicated loans from the Afr...