BUA Group signs $600m contract with Sinoma CBMI

BUA Group has signed a $600 million contract with SINOMA CBMI, China’s leading cement manufacturing supplier, to commence the construction of a second production line.

BUA

This landmark agreement, which was signed at the SINOMA CBMI offices in China, recently, will further bolster BUA Group’s share of the cement market in Nigeria.

 

Speaking at the signing ceremony, Abdulsamad Rabiu, executive chairman, BUA Group, said the new line was part of the Group’s organic growth strategy for its cement arm, BUA Cement.

“Given their proven track record and vast expertise in deploying cement plants across the world, we are confident in SINOMA’s ability to deliver a world-class second line for our Obu Cement Plant as well as meet our stringent environmental, safety, quality and technical requirements for our plants and products. 

 

“This additional capacity forms part of our strategic growth programme for our Cement arm, BUA Cement. In the long term, we expect to commit significant investments in cement production across the continent while also ensuring that the quality of our products remains a key differentiating factor in the marketplace,” Rabiu said. 

Tong Laigou, board chairman of SINOMA CBMI, said: “We are happy to sign this contract and extend our ongoing partnership with BUA Cement. This signing follows an earlier project to install an additional 1.5 metric tons capacity to Sokoto Cement – also subsidiary of BUA Cement, which is expected to be completed soon and commissioned in 2016. We intend to bring our wealth of experience and expertise to bear in bringing this project to fruition.”

 

SINOMA CBMI has successfully completed hundreds of key projects for cement production lines in China and across the world, including almost all foreign-funded projects in the country, with total number of cement lines exceeding 150. Among its numerous achievements, CBMI was responsible for constructing the world’s largest cement plant consisting of two 10,000t/d cement production lines.

BUA Group is one of Nigeria’s largest foods and infrastructure conglomerates with significant investments in various sectors of the economy, including cement, sugar, steel, flour and pasta, edible oils, housing, and port operations. Its cement arm, BUA Cement, currently operates factories in Obu and Okpella, Edo State, and also in Sokoto through its majority shareholding in CCNN.

 

by ODINAKA ANUDU