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BUA, Sinoma CBMI of China to Sign Contract to Build 3 Additional Production Lines of 3mmtpa Each

Published

4 years ago

December 22, 2020

BUA to Sign Contract to Build Three Additional Production Lines of 3mmtpa Each

BUA, Nigeria’s second-largest cement manufacturing company, on Tuesday announced it is in the process of signing a contract to build three additional production lines of million metric tonnes per annum each this week.

The leading cement manufacturer disclosed this in a statement issued via the Nigerian Stock Exchange.

It said the contract will be between BUA and Sinoma CBMI of China, the company that will do the construction in Adamawa, Edo and Sokoto States.

The statement reads, “BUA Cement Plc hereby notifies the Nigerian Stock Exchange, its esteemed shareholders and the investing public that the Company will sign a contract for the building of additional three production lines of 3 million metric tonnes per annum each this week.

“The contract will be signed between the Company and Sinoma CBMI of China and the Production lines will be located at Adamawa, Edo and Sokoto States.”

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Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.