the company plans to commission its Obu Line 3 factory and Sokoto Line 5 factory by Q1 2024 with a combined capacity of 6million metric tonnes per annum. This expansion will raise the company’s total installed production capacity to 17 million metric tonnes per annum . The announcement accompanied the presentation of BUA Cement’s full-year results, demonstrating a substantial 40.3% increase in revenue which reached ₦361.9 billion in 2022 from N257.3 billion in 2021.
Abdul Samad Rabiu stated, “BUA Cement will continue its unwavering focus on innovative product delivery, efficient logistics, and tailored sales solutions for our diverse customer base across Nigeria, and Africa. In addition, we are dedicated to improving the well-being of our host communities through sustainable development initiatives.”
Source: News Formal (newsformal.com)
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