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Reduction in Prices of BUA Cement

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World Cement,

Following previous pronouncements regarding BUA Cement's intent to reduce cement prices upon the completion of its new lines at the end of the year, the company has decided to bring forward its planned price reduction.

As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform its customers, stakeholders, and the public that effective October 2, 2023, the company has decided to bring the price reduction forward.

As a result, BUA Cement would now be sold at an ex-factory price of 3500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.

Upon completion of the ongoing construction of its new plants, which would increase production volumes to 17 million metric tpy, BUA Cement PLC intends to review these prices further in line with our earlier pronouncements by the first quarter of 2024.

NOTE: All pending, undelivered orders which had been paid for at the old prices will be reviewed downwards to N3500/bag in line with the new pricing from October 2, 2023. Licensed dealers are also enjoined to ensure that end-users benefit from this reduction in ex-factory prices as the company will monitor field sales to ensure compliance.

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