Less than one week after the listing of shares from the almost $1 billion Merger between BUA Kalambaina Cement Company and Cement Company of Northern Nigeria where it also assumed majority stakes in the enlarged company, BUA Group has announced signing of another contract with world’s renowned cement manufacturing company, CBMI, for the construction of a new 3million metric tonnes per annum Kalambaina Cement Line 2 in Sokoto.
This comes barely 90 days after the completion of another 3million MTPA BUA Obu Cement line 2 in Okpella, Edo State, Southern Nigeria and 7 months after the commissioning of its 1.5million MTPA Kalambaina Cement Plant line 1 in Sokoto state thus bringing BUA Cement’s total installed capacity to 11 million MTPA by the time the new project Is completed.
Speaking at the contract signing ceremony in Sokoto State, Executive Chairman/CEO, BUA Group and Chairman of CCNN, Abdul Samad Rabiu, disclosed that the construction of the new three million MTPA Kalambaina line was in line with BUA Cement’s strategic mid-term expansion programme.
According to eyes witness at signing ceremony, quoting Rabiu saying, the Nigerian market is still greatly under served, and with the projected growth in major infrastructure projects and spending over the next few years, it is important that local manufacturers are able to scale effectively to meet current and projected demand.
Rabiu also added that the partnership between BUA and Sinoma CBMI was not the first as they were responsible for constructing the first BUA Kalambaina plant in Sokoto State.