JUST IN: BUA Cement Slashes Ex-Factory Cement Prices to N3,500 per Bag Ahead of Schedule

In a groundbreaking move aimed at catalyzing growth in the construction and infrastructure sectors, BUA Cement Plc has announced a substantial reduction in its ex-factory cement prices, effective from October 2, 2023.

This strategic decision to lower prices comes ahead of the initially planned schedule and aligns with the company’s commitment to foster development in the building materials industry. BUA Cement has previously indicated its intent to reduce prices following the completion of new production lines, set to be operational by the end of the year.

The management of BUA Cement Plc, in a statement, extended their gratitude to customers, stakeholders, and the public, as they officially disclosed the price adjustment. Effective from October 2, 2023, BUA Cement will offer its cement at an ex-factory price of 3,500 Naira per bag. This move is expected to bring immediate relief to consumers and developers alike, as they can now access cement at more affordable rates even before the completion of the new production facilities.

Moreover, BUA Cement Plc intends to reevaluate these revised prices in accordance with their earlier commitments by the first quarter of 2024, once the construction of the new plants, which will significantly boost production volumes to 17 million metric tonnes annually, is finalized.

In a customer-centric approach, the company also made a commitment to review all pending and undelivered orders that were previously paid for at the old prices, adjusting them downwards to the new rate of N3,500 per bag, effective October 2, 2023. To ensure the wider implementation of this price reduction at the retail level, licensed dealers of BUA Cement have been urged to guarantee that end-users benefit from these lower ex-factory prices, with the company pledging to monitor field sales for compliance.

This move by BUA Cement Plc not only reflects their dedication to supporting economic development but also positions them as a key player in Nigeria’s construction and infrastructure landscape, with a vision to make quality building materials more accessible to all. The reduction in cement prices is expected to have a positive ripple effect on the construction sector, ultimately driving progress and prosperity in the nation.