BUA Cement Plc has marked a significant milestone in its expansion journey, announcing a new partnership agreement with CBMI to construct an additional cement production line in Sokoto.<\/p>\n
This strategic move aims to bolster the company’s annual cement production capacity to an impressive 20 million metric tonnes.<\/p>\n
The announcement was made by Yusuf Binji, Managing Director and CEO of BUA Cement, during the 12th-anniversary celebration of the BUA Group and CNBM business partnership, themed “Together, for a Shared Future”. The event, held at Transcorp Hotel, brought together key stakeholders to commemorate the successful collaboration.<\/p>\n
Binji highlighted BUA Cement’s remarkable growth trajectory, noting that the company has expanded its market share from 2% to over 30% within eight years.<\/p>\n
He also emphasized the significant increase in production capacity, from half a million tons to over 17 million tons.<\/p>\n
The new cement line in Sokoto, he revealed, will further boost the company’s installed capacity to 20 million tons, solidifying BUA Cement’s position as a leading player in the industry.<\/p>\n
Edo Cement Company and the Cement Company of Northern Nigeria, Sokoto, merged to form Gua Cement in 2019. It was listed on the Stock Exchange in January 2020 and is now the fifth-highest capitalised company on the Nigerian Stock Exchange.<\/p>\n
Binji said BUA has built a strong brand, producing two cement brands: BUA Cement and Sokoto cement. \u201cOur cement product is widely recognized as the best in Nigeria, and we hope to receive endorsement from engineers present here today.\u201d<\/p>\n
He said both BUA and CBMI have executed several projects and continue the partnership, extending into operation and maintenance and mining. \u201cOur aspiration is to be the number one cement producer in Nigeria, making cement affordable and available nationwide.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
BUA Cement Plc has marked a significant milestone in its expansion journey, announcing a new partnership agreement with CBMI to construct an additional cement production line in Sokoto. This strategic move aims to bolster the company’s annual cement production capacity to an impressive 20 million metric tonnes. The announcement was made by Yusuf Binji, Managing […]<\/p>\n","protected":false},"author":25,"featured_media":41261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-41255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/41255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=41255"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/41255\/revisions"}],"predecessor-version":[{"id":41262,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/41255\/revisions\/41262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/41261"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=41255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=41255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=41255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}