News
BUA Cement Cuts Ex-factory Price to N3,500
This price adjustment, set to take effect from October 2, follows a commitment made by the company’s founder and chairman, Abdul Samad Rabiu, to decrease cement prices once production capacity reaches 17 million metric tonnes per annum (MTPA) by the end of 2023.
BUA Cement has announced a reduction in its ex-factory price to N3,500 in an effort to promote growth in the construction and infrastructure sectors.
This price adjustment, set to take effect from October 2, follows a commitment made by the company’s founder and chairman, Abdul Samad Rabiu, to decrease cement prices once production capacity reaches 17 million metric tonnes per annum (MTPA) by the end of 2023.
However, BUA Cement has decided to implement this price reduction earlier following a review of its operations for efficiency.
The company also plans to further reduce the ex-factory price in the first quarter of 2024 after completing its expansion.
Existing orders with old prices will be reviewed to accommodate the price adjustment, and licensed dealers are instructed to ensure these changes are reflected in end-user prices.
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