BUA Cement Plc is the result of a merger between CCNN Plc and Obu Cement Company Plc (formerly Obu Cement Company Limited). Cement Company of Northern Nigeria (CCNN) was incorporated in 1962 and commenced operations in 1967, with an installed capacity of 100,000 mtpa at Kalambaina, Sokoto State.
In 1985, a Line-2, with an installed capacity of 500,000 was commissioned; though the Line-1 was eventually decommissioned a year later due to its uneconomic mode of operation.
The Company (CCNN) was listed on the Nigerian Stock Exchange after a partial privatization by the Federal Government of Nigeria on October 4, 1993.
In 2000 the Federal Government under its privatization programme divested its majority shareholding to Scancem International ANS of Norway, as core investor in CCNN. Focused on strategic re-positioning, Scancem divested its holding to Damnaz Cement Company Limited in 2008.
In 2010, BUA International Limited acquired Damnaz Cement Company to become majority shareholder and technical partner in CCNN.
In 2014, Obu Cement Company Limited became Obu Cement Company Plc, commencing operations in 2015 with coming online of the Greenfield Line-1 (3 million mtpa) plant at Obu, Okpella, Edo State, Nigeria. This ground breaking event recorded partnerships with renowned Institutions, such as FLSmidth for the supply of equipments.
Given the unabated demand for its cement, driven by uncompromised quality and value, an announcement was made in 2013 was made for the construction of a 1.5 million mtpa plant by Kalambaina Cement Company Limited, Sokoto State and in 2016, an agreement was signed with SINOMA CBMI of China for the construction of a 3 million mtpa line (Line -2) at its Obu Cement complex in Edo State.
In Early 2018, the Kalambaina (Line-1) plant located at Sokoto was commissioned; with the Obu Line-2 Complex (Edo State) completed in 2019. Thus, resulting to a combined capacity of 6 million mtpa at the Obu Cement Complex and over $100 million invested for a gas supplied 90-megawatt plant, along with the construction of a 30km gas supply pipeline.
These world-class plants are strategically positioned to providing our value brand cement to the Nigerian and African cement market while contributing to the development of related sectors including housing and construction.
In December 2018, CCNN Plc consolidated its operation with that of Kalambaina Cement Company’s 1.5 million mtpa Kalambaina (Line-1) to drive greater efficiency and imbued synergies, bringing the total capacity at Sokoto to 2 million mtpa.
Following another strategic business consideration in 2019, Obu Cement Company Plc consolidated its operations with CCNN Plc, leading to the emergence of BUA Cement Plc and its subsequent listing on the Nigerian Exchange Group (NGX), formerly the Nigerian Stock Exchange (NSE).
With a combined installed capacity of 11mmtpa (Obu plant, 6mmtpa and Kalambaina plant, 5mmtpa), BUA Cement Plc is the largest cement producer in the North-West, South-South and South-East regions of the country and is currently the second-largest producer of cement in Nigeria with its commissioning of the 3 million mtpa, line-4 at Sokoto State in January, 2022.
In 2020, the Company attained more milestones with its emergence as a constituent of the Morgan Stanley Capital International (MSCI) frontier index; together with the issuance of its maiden corporate bond of N115 billion, making it the largest corporate bond issuance in the history of Nigeria’s debt capital market.