Local cement production to hit 50mmt as BUA targets eight million metric tones
Indications have emerged that the price of cement may from next year begin a steady downward movement as the expansion drive of BUA Cement, which commenced last year, will be completed in 2018. The country currently has a combined total output capacity of over 39mmt since the successful completion of backward integration in the sector few years ago championed by Dangote Cement.
The Executive Chairman/Chief Executive Officer, BUA Group, Abdulsamad Rabiu, who addressed customers and key distributors in Abuja recently said the firm is working to double its production capacity very soon.
While seeing local manufacturing of cement as a herculean investment padded with uncertainties, Rabiu assured that despite the harsh operating environment, the company would continue to meet the aspirations of its stakeholders.
He said “This award is our little way of celebrating you as you have been with us constantly throughout the year. Your loyalty to the brand has helped us to grow and we will continue to celebrate customers who have been there in this period of economic crisis.
“We have embarked on an expansion drive and this will be completed in 2018. Cement business is a very challenging one, because it is a capital intensive business; but I want to assure you that our expansion project will be completed by the end of next year or at the beginning of 2018.”
Earlier, the Acting Managing Director of the company, Mr. Yusuf Benji, said “Our watchword is quality. Anybody that knows our products can attest to the high level of quality that it has and that is not going to be compromised. We are going to give Nigerians value for their money”.