Displaying items by tag: BUA Cement
BUA Cement donates transformers to Okpella Community
13 November 2020Nigeria: BUA Cement has donated six transformer units with a total capacity of 400kW to Okpella Community in Edo State. The Daily Independent newspaper has reported that the company’s aim is to improve local access to electricity.
Managing director and chief executive officer (CEO) Yusuf Binji said, “Our commitment to sustainability, sustainable development goals and sustainable business practices will remain critical to our business at BUA Cement. We will keep pursuing an inclusive, safe, resilient, and sustainable environment. corporate social responsibility is how we colour the lives of those around us.”
Dangote Cement and Bua Cement given permission to export cement by land from Nigeria
11 November 2020Nigeria: Dangote Cement and Bua Cement have been allowed to export goods by land following a closure of land borders in mid 2019 due to smuggling. The government has granted permission for Dangote Cement to export its products to Niger and Togo, according to the Business Live newspaper. Bua Group has also received approval. However, Lafarge Africa has reportedly not yet received permission.
Nigeria: BUA Cement has appointed Jacques Piekarski as its chief financial officer (CFO).
Piekarski holds over 26 years of experience in finance with executive level roles in cement, trading, mining and fast-moving consumer goods (FMCG). Prior to joining BUA Cement, he was Group CFO for TGI Group Nigeria, a food and agricultural conglomerate, and he held the same role at Flour Mills of Nigeria. His knowledge of the cement industry comes from working as the CFO for Holcim in Egypt with a joint venture with the Orascom Group.
A Swiss and French National, Piekarski was born in Switzerland. He is a graduate from the Business School in Lausanne, Switzerland and holds an MBA from the Robert Kennedy College in Zurich, Switzerland.
BUA Cement begins construction of Guyuk plant
06 October 2020Nigeria: BUA Cement has broken ground at the site of its upcoming 3.0Mt/yr-capacity integrated cement plant in Guyuk, Adamawa State. Governor Ahmadu Fintiri proposed nearby Yola as the site for a second BUA Cement plant in the state, which he said would “further diversify the economy away from sole reliance on petroleum products.”
The company is currently building a 50MW waste heat recovery (WHR) plant in Lamurde, Adamawa State.
BUA Cement grows sales and profits so far in 2020
04 August 2020Nigeria: BUA Cement’s revenue grew by 12.7% year-on-year to US$261m in the first half of 2020 from US$232m in the same period of 2019. Its profit after tax rose by 13.7% to US$89.8m from US$78.9m. In comments reported by the Daily Independent newspaper, Yusuf Binji, the managing director of BUA Cement said that, “In a bid to further drive cost efficiencies and sustainability, we entered into strategic alliances for the supply of liquefied natural gas (LNG) at the Kalambaina, Sokoto State and the management of our mining operations.”
The cement producer has a production capacity of 8Mt/yr. It plans to increase this to 11Mt/yr when it commissions a new 3Mt/yr plant in Sokoto State in 2021.
BUA Cement to build cement plant at Guyuk
06 July 2020Nigeria: BUA Group subsidiary BUA Cement has shared plans to establish a 3Mt/yr-capacity integrated cement plant in Guyuk, Adamawa State. The Sun newspaper has reported that the company also plans to establish a 50MW power plant in nearby Lamurde, also in Adamawa State. BUA Group chairman Abdul Samad Rabiu said, “We will use new technologies to supply power to the proposed cement plant and communities of Guyuk and Lamurde.” The state’s limestone deposits with provide the raw material for clinker production.
Nigeria: BUA Cement has donated 350 bags of rice and 22,500 facemasks to people affected by the coronavirus outbreak in Okpella, Okpekpe and Ibie, Edo State and Elele, Rivers State. BUA Cement CEO Yusuf Binji said, “As a responsible organisation, we understand the plight of our host communities. We believe this donation will go a long way to ameliorate the negative effect of the lock¬down.”
As of 20 April 2020, Nigeria had 627 coronavirus cases – 21 fatal.