15/07/2024
Bua Cement is a Nigerian cement manufacturing company that was founded in 2008. Here are some key facts about the company:
**Headquarters:** Lagos, Nigeria
**Industry:** Cement manufacturing
**Products:** Portland limestone cement, ordinary Portland cement, and masonry cement
**Capacity:** 6 million metric tons per annum (mtpa)
**Operations:** Bua Cement operates two cement plants in Nigeria: the Obu plant in Okpella, Edo State, and the Kalambaina plant in Sokoto State.
**Ownership:** Bua Cement is a subsidiary of Bua Group, a Nigerian conglomerate with interests in cement, sugar, and real estate.
**Listing:** Bua Cement is listed on the Nigerian Stock Exchange (NSE) under the ticker symbol BUACEMENT.
**Awards and recognition:** Bua Cement has received several awards, including the "Best Cement Company in Nigeria" award at the 2019 Nigeria Business Excellence Awards.
**Community development:** Bua Cement is committed to community development and has implemented several initiatives to support local communities, including the provision of infrastructure, healthcare, and education.
**Environmental sustainability:** The company has implemented measures to reduce its environmental impact, including the use of alternative fuels and the implementation of a waste management system.
**Financial performance:** Bua Cement has reported steady revenue growth in recent years, with revenue increasing from ₦119.4 billion in 2018 to ₦157.5 billion in 2020.
Overall, Bua Cement is a significant player in the Nigerian cement industry, known for its high-quality products and commitment to community development and environmental sustainability.