Cement News tagged under: BUA Cement
New 3Mta line planned for BUA's Kalambaina Cement07 January 2019, Published under Cement NewsNigeria’s BUA Group has signed another contract with CBMI for the construction of a new 3Mta line at Kalambaina Cement in Sokoto State. The announcement comes soon after a merger between Kalambaina Cement and the Cement Company of Northern Nigeria (CCNN) was given approval last month. Furthermore, the project arrives on the back of the completion of BUA’s 3Mta Obu Cement Line 2 around 90 days ago and the commissioning of its 1.5Mta first line at Kalambaina Cement just seven months ago. A... |
BUA Cement announces completion Okpella plant09 November 2018, Published under Cement NewsBUA Cement has announced the completion of its new 3Mta cement plant in Okpella, Edo state, Nigeria. Its output is expected to be delivered to the southern and southeastern Nigerian markets, enabling the company to gain a stronger foothold in these areas. The Okpella facility will be able to be fuelled with gas and heavy oils. The company is expected to announce a date for the formal inauguration of the works, of which the completion comes less than six months after the inauguration of ... |
CEO to list BUA Cement on the Nigerian Stock Exchange05 April 2018, Published under Cement NewsThe 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 seeks President's support to end mining rights squabble07 December 2017, Published under Cement NewsNigerian conglomerate BUA group has asked Nigeria's President, Muhammadu Buhari, to intervene in its argument with Dangote group over limestone mining rights. BUA's Chairman, Abdulsamad Rabiu, said Dangote group was undermining security around his plant in southwest Edo state, a region with limestone. Dangote's cement operation is in the central state of Kogi. The mines ministry said BUA group does not have a mining lease for the disputed site, which is the subject of a legal case, and it... |
BUA Chairman says the cement industry is vital for Nigeria's foreign exchange01 November 2017, Published under Cement NewsAlhaji 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... |
BUA’s sees completion of new 3Mta Edo line01 September 2017, Published under Cement NewsNigeria’s Vice President, Yemi Osinbajo, inaugurated the 3Mta second production line at BUA’s Obu cement plant in Okpella, Edo state. “This project is a big boost to the Nigerian economy and it will provide employment opportunity for the both skilled and unskilled youths of this state and the country at large,’’ he said and added that the plant’s capacity will help consolidate the country’s self-sufficiency in cement as well as providing a significant boost to national export capacity. ... |
BUA Group reportedly in talks to build two plants in east Africa19 February 2016, Published under Cement NewsThe BUA Group of Nigeria in talks with China’s Sinoma to build two cement plants in east Africa and a steel plant in Nigeria for US$1.9bn, according to a report by Reuters. BUA Group chairman, Abdulsamad Rabiu, told the international news agency that the two cement plants will have a capacity of 3Mta and cost US$700m. The steel plant will have a capacity of 1.2Mt at a cost of US$1.2bn. In a statement, BUA said the pact came following the successful start of production at its new Obu cement... |
Nigeria: BUA Cement signs US$600m expansion deal with Sinoma07 September 2015, Published under Cement NewsBUA Group has signed US$600m worth of contracts with China's Sinoma International Engineering Co to double capacity at its Obu cement plant. The plant currently produces 3.5Mta, but by the end of 2017 capacity will rise to 7Mta. BUA's executive chairman, Abdulsamad Rabiu, said at the signing ceremony, “BUA has less than 10 per cent of market share now, after expansion we should go to about 20 per cent.” The Nigerian cement market is currently controlled by Dangote Cement, which has a 70... |
Nigeria: BUA's 3Mta Obu plant to start operations30 July 2015, Published under Cement NewsBUA Group is about to release cement from its newly-built US$600m Obu plant in Okpella, Edo State, with clinker production already operational. Cement should be dispatch from the 3Mta facility in the first week of August. The plant was supplied by FLSmidth and the civil construction was handled by construction firm, Julius Berger. BUA Group chairman/CEO, Abdulsamad Rabiu, said the company's three-year journey in constructing the world-class plant would give a much needed boost to Nigeria's ... |
BUA signs gas supply deal for Edo Cement Co01 April 2014, Published under Cement NewsBUA Cement has signed a gas sales and purchase agreement (GSPA) with Nigerian Gas Company (NGC) for its Edo Cement Co subsidiary. Leadership Newspapers reported that the agreement was signed by both parties in Lagos at the weekend. The deal would see the supply of about 33mmscf per day of natural Gas by NGC to the Edo cement plant in Okpella, Edo State according to managing director, NGC, Engr Saidu Mohammed. The group executive director, BUA Group, Kabiru Rabiu who signed the agreement... |