BUA Cement - Cement industry news from Global Cement

Nigeria: BUA Cement's revenue grew by 12.7% year-on-year to US$261m in the first half of 2020 from US$232m in the same period of 2019. Its profit after tax rose by 13.7% to US$89.8m from US$78.9m. In comments reported by the Daily Independent newspaper, Yusuf Binji, the managing director of BUA Cement said that, "In a bid to further drive cost efficiencies and sustainability, we entered ...

BUA Group consolidates cement operations in Nigeria ...

One of Africa's largest conglomerates, BUA Group, on Wednesday said it is executing a merger of its two cement subsidiaries comprising the publicly listed Cement Company of Northern Nigeria Plc (CCNN) with two million metric tonnes per annum (mtpa) capacity and the 6-million mtpa Obu Cement Company Plc as part of a strategic plan to consolidate the group's cement production and deepen its ...

Cement News tagged : BUA Group - Page 1 of 2

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.

BUA Cement To Spend $1.05bn On Sokoto, Edo, Adamawa Plants

BEVERLY HILLS, December 23, (THEWILL) - In a bid to expand its operations and boost export activities, Nigeria's foremost cement company, BUA Cement Plc, has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants at a total cost of $1.05 billion. Designed for 3 million tonnes each per […]

Nigeria - Cement industry news from Global Cement

Nigeria: BUA Cement has announced that it will commission the second production line at its Kalambiana cement plant in Sokoto state in July 2021. The Daily Independent newspaper has reported that the upgrade will bring the plant's cement production capacity to 3Mt/yr. The group intends for the plant to serve the growing domestic cement demand and to stabilise prices.

BUA CEMENT SUCCESSFULLY COMPLETES N115 BILLION NIGERIA…

Jan 13, 2021· The BUA Cement Series 1 Bond, which has a 3-year moratorium period and to be amortised evenly from year 4, is embedded with a call option, exercisable only after 48 months from the issue date. In another development, BUA recently announced its intention to increase its production capacity to 20million metric tonnes per annum (mtpa) by 2022.

BUA jumps capacity, plans $1.05bn cement plants in Sokoto ...

Consolidating indigenous cement producer and merchant, BUA Cement, has sealed fresh construction deal with Sinoma CBMI of China for the construction of three new cement plants of three million tonnes each per annum in Edo, Sokoto and Adamawa states of Nigeria to be completed by the end of 2022.

BUA Cement begins construction of Guyuk plant - Cement ...

Nigeria: BUA Cement has broken ground at the site of its upcoming 3.0Mt/yr-capacity integrated cement plant in Guyuk, Adamawa State. Governor Ahmadu Fintiri proposed nearby Yola as the site for a second BUA Cement plant in the state, which he said would "further diversify the economy away from sole reliance on petroleum products."

Nigeria's cement market shows no let-up - Page 1 of 1

Production capacity is on the increase This week, BUA Group announced the commissioning of its new 1.5Mta Kalambaina cement plant in northwest Nigeria, a project that includes a 32MW coal power plant. BUA Group now has a 35 per cent share in the Nigerian cement market and the new plant has already forced a reshaping of BUA group's structure.

BUA Cement's $1.05bn new Nigeria plants to raise capacity ...

By Charles Abuede . China's Sinoma CBMI wins deal to build plants in Edo, Sokoto, Adamawa; New plants to be completed by close of 2022 . BUA Cement Plc, a member company of BUA Group founded by billionaire industrialist, Abdul Samad Rabiu, is continuing its expansionist programme to increase its Nigeria and Africa cement production footprint with the signing of an agreement with Sinoma CBMI o

Nigeria - Cement industry news from Global Cement

Oct 30, 2020· Nigeria: BUA Cement's revenue grew by 12.7% year-on-year to US$261m in the first half of 2020 from US$232m in the same period of 2019. Its profit after tax rose by 13.7% to US$89.8m from US$78.9m. Its profit after tax rose by 13.7% to US$89.8m from US$78.9m.

Adamawa - Cement industry news from Global Cement

Nigeria: BUA Group subsidiary BUA Cement has shared plans to establish a 3Mt/yr-capacity integrated cement plant in Guyuk, Adamawa State. The Sun newspaper has reported that the company also plans to establish a 50MW power plant in nearby Lamurde, also in Adamawa State. BUA Group chairman Abdul Samad Rabiu said, "We will use new technologies to supply power to the proposed cement …

Nigeria's BUA Group on course to produce 8mmt of cement as ...

BUA's cement business includes its operations in Sokoto, in northern Nigeria and Rabiu said it was at the stage of "completing another Greenfield project in Sokoto which is 1.5mtpa which cost over $300 million. By the time we are done the combined capacity of our cement plant both in Sokoto and in Edo will be about 8million tonnes."

Nigeria's BUA Signs Pact with China's CBMI to Build Cement ...

Dec 23, 2020· Speaking at the ceremony held simultaneously at BUA headquarters in Lagos and the CBMI headquarters in China, the Chairman of BUA Group, Abdul Samad Rabiu, said the expansion decision was to transform the manufacturing industry and increase Nigeria's cement production capacity. "Nigeria and the surrounding region is still home to huge ...

Press | BUA Group

Mar 08, 2021· BUA Cement, Nigeria's second largest cement company, has recorded a 47.5% increase in revenues of N175.52billion in its just released Full year results for the 2019 Financial Year on the Nigerian Stock Exchange. The company's Profits also increased by 69.1% from N39.17 billion in 2018 to N66.24 billion in 2019.

Nigeria - Cement industry news from Global Cement

Nigeria: Dangote Cement expects to double its cement production capacity across Africa in 2014 to 40Mt/yr, according to Devakumar Edwin, chief executive of Dangote. Edwin said that in Lagos the firm would add 9Mt/yr of capacity, bringing it to 29Mt/yr. Dangote will also open plants across Africa that have been several years in the making, adding a further 11Mt/yr of production capacity.


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