BUA commissions Kalambaina cement plant

30 Jul 2018
Financial Nigeria

Summary

Earlier in June, the Cement Company of Northern Nigerian (CCNN), owners of the 500,000 metric tonnes per annum Sokoto cement plant, announced and notified the Nigerian Stock Exchange of its proposed merger with the Kalambaina Cement Company Limited.

BUA Group Chairman/CEO, Abdulsamad Rabiu

The BUA Cement factory located in Kalambaina, Sokoto, was commissioned on Tuesday, July 17, by the Vice President, Professor Yemi Osinbajo. The project commenced in 2015 and cost about $350 million.

The cement factory is expected to create about 2,000 direct jobs and 10,000 indirect jobs. Also, with its proximity to Niger and Benin Republic – about 100 kilometres and 200 kilometres, it would also contribute to the country’s foreign exchange.

Kalambaina Cement Company Limited – a wholly owned subsidiary of the BUA Group – is a private limited liability company incorporated in Nigeria. The company is engaged in the business of quarrying, extracting, processing and dealing in limestone as well as the manufacturing and supply of cement.

The key asset of the company is the commissioned cement plant, which has an installed capacity of 1.5 million metric tonnes per annum of cement production, 32 megawatts captive power plant and coal mill and environmentally-friendly multi-fuel plant that can run on coal, heavy oil or a mixture of both.

The total production capacity of all BUA cement assets in Nigeria, including the Kalambaina plant, is about 6 million metric tonnes per annum, representing about 35 percent of total volumes of cement production in the country.

Earlier in June, the Cement Company of Northern Nigerian (CCNN), owners of the 500,000 metric tonnes per annum Sokoto cement plant, announced and notified the Nigerian Stock Exchange of its proposed merger with the Kalambaina Cement Company Limited. If approved, the merged entity will have a total installed capacity of two million metric tonnes per annum.

Established in 1988, BUA Group is a leading Foods and Infrastructure conglomerate with diversified investments in cement, steel, sugar, agribusiness, real estate, rice, edible oils as well as port operations.


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