Cement News tagged under: BUA Group

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BUA Group signs contract for new power plant

25 March 2019, Published under Cement News

Nigeria's BUA Group has signed a contract with Finland-based Wartsila Oy for the construction of a 48MW power plant at its Sokoto Cement facility. The power project will supply line 3 and adds to the 100MW of captive power that the company already utilises. "We can't compromise on our quality. We are known to provide quality products and services to our customers and we are assured that Wartsila aligns with this vision of ours. They have an impeccable and intimidating track record and we a...

Kalambaina Cement to merge with CCNN

30 November 2018, Published under Cement News

BUA Group’s Kalambaina Cement Co has announced it received shareholder approval for a merger with the Cement Company of Northern Nigeria (CCNN). Abdul Samad Rabiu, chairman of the company, has stated that the deal would involve a high technical and complex infusion of the two companies. "This deal signposts shareholder confidence in the value proposition of the CCNN-Kalambaina merger and we are certain that the new entity can compete effectively in the cement industry in Nigeria whilst main...

BUA Group plans new Ebonyi plant

07 September 2018, Published under Cement News

Nigeria's BUA Group Ltd has announced plans to set up a plant in Okpoto, Ebonyi State. The company plans to use the large deposits of limestone and coal in the state and surrounding area to power and supply the facility. Alongside the demand for cement in the state, the facility is also expected to serve the southeastern market of the country. "We want to set up a cement plant here so that the south-eastern markets will benefit," said Kabiru Rabiu, CEO. David Umahi, governor of Ebonyi, n...

Nigeria's cement market shows no let-up

23 July 2018, Published under Cement News

Nigeria is pushing its production full-throttle as cement demand begins to race ahead. Dangote Cement is revelling in high 1H18 sales volumes and competing cement companies are building new capacities to increase their market share. "Our first-half performance was very strong and driven by an excellent recovery in Nigeria, where our sales volumes increased by nearly 14 per cent and revenues by more than 18 per cent," said Joe Makoju, Dangote's Group CEO. Dangote Cement's total sales...

BUA Group to commission 1.5Mta plant in Nigeria

17 July 2018, Published under Cement News

BUA Group is set to commission its 1.5Mta Kalambaina plant on Tuesday, 12 July. At a cost of US$350 million, it will be the largest single private sector-led investment in northwest Nigeria. The facility features a high-capacity coal mill and a multi-fuel plant. The plant is expected to generate 2000 jobs and improve the country’s exchange with Niger and Benin, according to the Daily Trust. It will also increase the company’s total Nigerian capacity to 6Mta, which is 35 per cent of the tota...

CEO to list BUA Cement on the Nigerian Stock Exchange

05 April 2018, Published under Cement News

The founder of BUA Group, Abdulsamad Rabiu, has announced plans to list the cement sector of the company on the Nigerian Stock Exchange (NSE). Abdulsamad Rabiu, recently nominated for African CEO of the year, stated that he would list BUA Cement on the NSE as soon as it meets the necessary requirements, according to an interview on Channels Television.  "We are definitely going to list the cement business because I think we should also give others the opportunity to participate in the...

BUA Group CEO nominated for African CEO of the year

27 March 2018, Published under Cement News

Executive Chairman/CEO of BUA Group Abdulsamad Rabiu has been shortlisted as a nominee for the Africa CEO of the year Awards scheduled to be held in Abidjan, Côte d’Ivoire. Within the year under review, BUA Group opened its US$1bn cement plant line 1 and 2 in Obu-Okpella in Edo State, completed the construction of its Sokoto Cement expansion, concluded the construction of its BUA rice mill in Kano State and completed its BUA sugar plant in Port Harcourt. The Africa CEO of the Year Award...

BUA Chairman says the cement industry is vital for Nigeria's foreign exchange

01 November 2017, Published under Cement News

Alhaji Abdulsamad Rabiu, chairman of BUA Group, has said that the local cement manufacturers produce over 25Mt cement thus saving the country US$2m annually in foreign exchange. "The most important thing I think is that the cement industry in Nigeria will continue to save Nigeria a lot of foreign exchange. If for example, you look at what we have produced in Nigeria today, maybe 25Mt to 30Mt, if we quantify that in terms of foreign exchange it is almost two billion dollars per year," Raibu...

Nigeria: BUA Group to offer incentives to cement distributors

03 January 2017, Published under Cement News

BUA Group, the conglomerate which owns the Cement Company of Northern Nigeria, is to offer incentives of NGN100m (US$0.3m) to cement distributors who exceed their sales targets, the Nation reports. “We have embarked on an expansion drive and this will be completed in 2018. Cement business is a very challenging one, because it is a capital intensive business; but I want to assure you that our expansion project will be completed by the end of next year or at the beginning of 2018”, said Alh...

Nigeria: BUA set to complete 1.5Mta Sokoto expansion by 3Q17

22 December 2016, Published under Cement News

BUA Group subsidiary, CCNN, expects the construction of its new 1.5Mta line at the Sokoto plant to be complete before the 3Q17. Founder and Executive Chairman of BUA Group and Chairman of CCNN, Abdulsamad Rabiu, said the US$300m project, which began in 2013, is the first at the plant since 1986. BUA Group took over majority shareholding in 2010. Mr Rabiu also informed the Minister for Solid Minerals Development, Dr Kayode Fayemi, that the group had discovered coal in commercial quantit...