With a cement production target of 10 million
metric tonnes by 2018, BUA Cement
has unveiled plans to increase its market share and penetration through efficient
service delivery and operational framework.
Besides, the
company has invested about N100 million in cash rewards, cars and other prizes
to stakeholders that supported its business in the 2016 financial year.
Executive Chairman and Chief Executive Officer of BUA Group, Alhaji Abdulsamad Rabiu, while speaking
at the company’s yearly distributors’ forum and awards, explained that
through an expansion drive that will span across its production plants, the
firm would be able to double its production capacity.
Defending the prevailing price of the commodity, Rabiu explained that the current price of the commodity is cheap when compared with other African countries, especially with the declining value of Naira, adding that cement production is a challenging business. He however noted that despite the harsh operating environment, the company would continue to meet the aspirations of its stakeholders.
In his own
words: “We have embarked on an expansion drive and this
will be completed in 2018. Cement business is a very challenging one, because
it is a capital intensive business; but I want to assure you that our expansion
project will be completed by the end of next year or at the beginning of 2018.”
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