BUA Group possesses a strong capability in cement manufacturing with 3 major subsidiaries and plants in Northern and Southern Nigeria. The Group’s plants have the capacity to provide various grades of cement as required in the local Nigeria markets and meet the highest standard of cement manufacturing.
In 2020, BUA Group consolidated all 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.
This consolidation included the BUA owned Cement Company of Northern Nigeria, and the Obu Cement Company.
BUA Cement is committed to expanding its footprint into markets within and outside Nigeria. The commencement of AfCFTA provides boundless opportunities because of the potential involvement of 1.2 billion Africans, spanning 54 nations, with a combined GDP of about US$2.5 trillion; thereby actually increasing intra-African trade by up to 52.3%.
Ultra-Modern Cement Complexes
By the end of 2021
Nigerian Exchange Group (NGX)Market Capitalization
BUA Group, through its subsidiary, BUA Ports & Terminals, is a concessionaire of Terminal ‘B’ of the Nigerian Ports Authority (Rivers Port), in Rivers State, Nigeria. This concession was done to improve port logistics efficiency and was obtained through a highly competitive bidding process under the Public Enterprise (Privatization & Commercialization) Act No. 28 of 1999.
The Port operates with well trained personnel, competitive tariffs and almost unrivalled customer service. Currently operating at MARSEC level 2, the security of lives and goods are vital in our operations.
Steel is critical to the development of any nation. With an annual local steel consumption of about 4 million tons mostly imported, Nigeria does not operate a single integrated steel mill.
Through our subsidiary, BUA Iron & Steel Ltd, plans are in place to establish a 1million tonnes/annum state-of-art steel plant utilizing locally sourced iron ore, natural gas and limestone. BUA Group has therefore secured an exploration license for Iron Ore in Kogi State, Central Nigeria.
BUA Steel won a government bid to acquire Delta Steel Company Ltd through the government’s privatisation exercise. Following the Government’s reversal of the process, the Group went on to begin the process of establishing a fully integrated steel plant in Kogi State, Nigeria. Upon completion, BUA Steel Complex will be the only steel mill in WestAfrica that produces from iron ore to Steel.
To meet the growing demands for real estate in Nigeria, BUA Group’s real estate portfolio includes various residential, commercial and mixed – use developments in major Nigerian cities. A few projects under BUA Estates include (but are not limited to these):