In a significant development aimed at boosting the building materials and infrastructure sectors, BUA Cement Plc has made an unprecedented move by reducing its ex-factory cement prices.
This decision comes ahead of schedule, reflecting BUA Cement’s commitment to spurring development in Nigeria.
Previously, BUA Cement had announced its intention to lower cement prices upon the completion of its new production lines, scheduled for the end of the year.
However, after a thorough review of operational efficiency and in keeping with their promise, BUA Cement Plc is thrilled to inform its valued customers, stakeholders, and the public that, effective October 2, 2023, cement from BUA will be available at the ex-factory price of just N3,500 per bag.
This move is designed to enable Nigerians to begin benefiting from the reduced prices even before the new production lines are fully operational. Once these new plants are completed, increasing production volumes to 17 million metric tonnes per annum, BUA Cement PLC intends to further review prices, as previously announced, by the first quarter of 2024.
It’s important to note that all pending and undelivered orders, which were initially paid for at the previous prices, will be adjusted downward to the new rate of N3,500 per bag starting from October 2, 2023.
BUA Cement’s authorized dealers are also urged to ensure that end-users receive the full benefit of this ex-factory price reduction, as the company will actively monitor field sales to ensure compliance.