Displaying items by tag: BUA 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 into strategic alliances for the supply of liquefied natural gas (LNG) at the Kalambaina, Sokoto State and the management of our mining operations.”

The cement producer has a production capacity of 8Mt/yr. It plans to increase this to 11Mt/yr when it commissions a new 3Mt/yr plant in Sokoto State in 2021.

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 plant and communities of Guyuk and Lamurde.” The state’s limestone deposits with provide the raw material for clinker production.

Nigeria: BUA Cement has donated 350 bags of rice and 22,500 facemasks to people affected by the coronavirus outbreak in Okpella, Okpekpe and Ibie, Edo State and Elele, Rivers State. BUA Cement CEO Yusuf Binji said, “As a responsible organisation, we understand the plight of our host communities. We believe this donation will go a long way to ameliorate the negative effect of the lock¬down.”

As of 20 April 2020, Nigeria had 627 coronavirus cases – 21 fatal.