Learn about West Africa’s most modern cement company
BUA Cement was incorporated in 2008 and commenced operations in the same year through its floating cement terminals, ‘BUA Cement 1’, designed specifically for bulk and bag cement unloading.
In 2009 BUA Group acquired the Cement Company of Northern Nigeria, CCNN (SokotoCement) and the Edo Cement Company to boost and increase the metric tonnesof annual cement production in the country.
In 2018, BUA Obu Cement completed a 3million mtpa plant resulting in a combined capacity at Okpellaof 6million mtpa.
At the second quarters of 2015, BUA signed a contract with FLSmidthfor a 3 million mtpanew production line in Edo Cement to be sited at Obu, Edo state.
The $600 million Cement Plant in Okpella, Edo State was opened in 2015 with a capacity of 3 million mtparesulting in a 3.5 million mtpacombined installed capacity at both Edo and Obu plants.
Asides from the initial costs, over $100 million was invested in gas turbines to power a 50-megawatt plant for 24-hour electricity generation as well as the construction of a 30km gas supply pipeline.
The world-class plant would give a much needed boost to Nigeria’s cement industry as well as enhance the development of related sectors, including housing and construction.
Same year, the CCNN commenced 1.5 million mtpa plant expansion project to further boost the capacity of cement in Nigeria.
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.