The management of BUA Cement Plc has announced a price
reduction in ex-factory cement to N3,500 per bag, effective October 2, 2023.
The announcement was contained in a statement issued on
Sunday on the company’s social media platform, X.
BUA Cement said the organisation had previously made
pronouncements regarding the company’s intent to reduce cement prices upon the
completion of new lines at the end of the year in order to spur development in
the building materials and infrastructure sectors.
However, the company said after a periodic review of the
organization’s operations for efficiency, it has decided to announce and inform
its esteemed customers, stakeholders, and the public that effective October 2,
2023, it will bring the price reduction forward.
The company said its BUA cement would now be sold at an
ex-factory price of 3,500 Naira per bag so that Nigerians could begin to enjoy
the benefits of the price reduction before the completion of its plants.
The statement read: “We refer to our previous pronouncements
regarding our intent to reduce cement prices upon the completion of our new
lines at the end of the year, in order to spur development in the building
materials and infrastructure sectors.
“As per the commitment made to reduce prices and following a
periodic review of our operations for efficiency, the management of BUA Cement
Plc wishes to announce and inform our esteemed customers, stakeholders, and the
public that effective October 2, 2023, we have decided to bring the price reduction
forward. 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 17million 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.
“NOTE: all pending, undelivered orders which had been paid
for at the old prices will be reviewed downwards to N3500/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.”
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Thank You @BUA. We can see your commitment to ensuring Nigerians are able to access cement at an affordable price. Over to you Mr Dangote and others.
ReplyDeleteMay Almighty God bless BUA. Ameen
ReplyDeleteThis is in did a good news, God bless you more BUA and it's Management. Thanks very much. Oga Dangote, we are waiting for you too sir, not only Cement but, in all you products sir. We know you are blessed and we can benefit from you also sir.
ReplyDelete