BUA Cement was incorporated in 2008 and started operations in the same year through its floating cement terminals. The company is designed specifically for bulk and bag cement unloading.
In 2009 BUA Group acquired the Cement Company of Northern Nigeria, CCNN (Sokoto Cement) and the Edo Cement Company to boost and increase the metric tonnes of annual cement production in the country. Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.
In the second quarter of 2015, the company signed a contract with FLSmidth for a 3 million mtpa new production line in Edo Cement to be sited at Obu, Edo state. In 2017, the company Commissioned the Obu Cement (Line I) 3million mtpa facility in Obu, Edo state.
In 2018, BUA Obu Cement completed a 3million mtpa plant resulting in a combined capacity at Okpella of 6million mtpa.
In 2020, BUA Group consolidated its cement operations and listed BUA Cement Plc on the Nigerian Stock Exchange with a total combined installed capacity of 8million mtpa and a market capitalization of N1.18trillon (US$3.3bn), making it the second largest cement producer in the Nigerian market and the largest cement producer in the North Western region of the country.
BUA Cement PLC is a publicly listed firm headquartered in Nigeria, it produces and markets cement products in the country. The company was formed through the consolidation of the cement interest of the BUA Group, promoters of Obu Cement Company and the Kalambaina Company majority owned Cement Company of Northern Nigeria.
BUA Group's entry into the cement market began in 2008 when the government gave the license to import cement to a selected group of entrepreneurs. The company initially began operations with a floating cement clinker, re-bagging the products before it went on to purchase controlling interest in the then struggling Edo Cement plant. Majority of the firm's raw materials are found close to its plant locations in Edo and Sokoto States.
The company was listed on the Nigerian Stock Exchange in January 2020 with a market capital of $3.2 billion.
BOARD OF DIRECTORS
Abdulsamad Rabiu - Chairman
Kenneth Chimaobi Madukwe - Director
Kabiru Isyaku Rabiu - Director
Khairat AbdulRazaq-Gwadabe - Independent Director
Abubakar Shehu - Independent Director
5th Floor, BUA Towers PC 32, Churchgate Street, Victoria Island, Lagos, Nigeria
Phone: +234 (1) 461 0669 - 72
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BUA Cement Plc has announced a price reduction of cement to N3,500 per bag effective Monday, October 2, 2023. The company made the announcement in ...
BUA Cement Plc has approved the payment of N94.8 billion as dividends to shareholders for the financial year ending December 2022. This was disclos...
AbdulSamad Rabiu, the Chairman of BUA Cement Plc, has expressed optimism that the completion company’s two new factories by the end of the year ...
BUA Cement Plc has said it recorded a 40 per cent increase in its revenue within the last year. This was made known by Abdulsamad Rabiu,...
BUA Cement has disclosed that it is building factories in Sokoto and Okpella, which would begin operations in 2024 to boost production in the country....
Ten out of 156 listed firms hold N25.62 trillion of the N33.1 trillion total market capitalisation of the Nigerian Exchange (NGX), or 77.1 percent of ...
BUA Cement has secured a $500 million loan from the International Finance Corporation to finance the ongoing expansion of its integrated cement plants...
Twenty-two tertiary institutions have secured a N5.5 billion grant from BUA Group. The 22 institutions got the grant under the Abdul Samad Rab...
BUA Foods Plc, in its audited financial result for the year ended December 31, 2022, has recorded a 26 per cent increase in revenue to N418....
BUA Cement plc's financial report for the half-year 2022, which ended June 30, 2022, has revealed that the company recorded a net profit...
The Federal Government in collaboration with BUA Group has flagged off the expansion and dualisation of the 132km Kano-Kazaure-Kongolam highway. Th...
Dangote Group, IHS Towers and BUA Group emerged the most responsible businesses in Africa at the 16th edition of the Sustainability, Enterprise, ...
Abdul Samad Rabiu, the founder of BUA Group, has received the Nigerian Army Recognition Award for his support to the Nigerian Army through the BUA Fou...
Dangote Cement Plc, BUA Cement Plc and Lafarge Africa Plc have reported total revenue of N1.183 trillion during the half year ending June 30, 2022, wh...
BUA Cement Plc has released its Q2 financial statement for 2022, which revealed a profit before tax of N61.36 billion; a 41.40% increase com...
