Categories: Business & Brands

BUA Slashes Price Of Cement To N3,500 Per Bag

BUA has slashed the price of cement to N3,500 per bag from Monday, October 2.

 

Glamtush reports that BUA Cement Plc has reviewed the timeline for the implementation of its reduced ex-factory price of N3,500 per bag, saying Nigerians can begin to enjoy the benefits of the price reduction before the completion of its plants.

The company’s management, in a statement on Sunday, cited its commitment to reduce cement prices upon the completion of the company’s new lines at the end of the year, in order to spur development in the building materials and infrastructure sectors.

Addressing its customers, stakeholders, and the public, the manufacturer noted that it had conducted a periodic review of its operations for efficiency.

“Effective October 2, 2023, we have decided to bring the price reduction forward,” it said.

“As a result, BUA Cement would now be sold at an ex-factory* price of 3,500 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 our new plants, which would increase our production volumes to 17 million metric tonnes per annum, BUA Cement PLC intends to review these prices further in line with our earlier pronouncements by the first quarter of 2024.”

BUA Cement added that all pending, undelivered orders which had been paid for at the old prices would be reviewed downwards to N3500 per bag in line with the new pricing from October 2, 2023.

“Our licensed dealers are also enjoined to ensure that end-users benefit from this reduction in ex-factory prices as we will monitor field sales to ensure compliance,” it said.

See the full statement below:

GLAMTUSH

Recent Posts

PHOTOS: Davido Receives Luxury Car From Auto Firm For 32nd Birthday

Davido has received a luxury car from an auto firm for his 32nd birthday.  …

15 hours ago

VIDEO: How Primate Ayodele Foretold Simon Ekpa’s Arrest In 2023

Simon Ekpa, a Finnish-Nigerian separatist agitator and self-proclaimed Prime Minister of the Biafra Republic Government…

16 hours ago

Speaker Obasa Clarifies Negative Perceptions As Sanwo-Olu Presents 2025 Budget

Accuses detractors of peddling news of alleged governorship ambition.   Speaker of the Lagos State…

16 hours ago

Simon Ekpa, Four Others Arrested In Finland Over Terrorism Activities

Simon Ekpa and four others have been arrested in Finland over terrorism activities.   Glamtush…

20 hours ago

Davido Celebrates 32nd Birthday With ₦300m Donation To Orphanages

Davido is excited to celebrate his 32nd birthday with a ₦300m donation to orphanages.  …

22 hours ago

America Returnee Found Dead In Ogun Hotel

An American returnee has been found dead in an Ogun hotel.   Glamtush reports that…

22 hours ago