From Kayemo News
BUA Cement Plc has announced a reduction in the ex-factory price of its cement to N3,500 per bag, effective from October 2, 2023.
The management of BUA Cement Plc in statement made the announcement on October 1, 2023, ensuring transparency and accountability in their pricing strategy.
The company said the decision was taken to accelerate development in the building materials and infrastructure sectors.
According to BUA management, they conducted a periodic review of their operations for efficiency, leading to this price reduction. By bringing this forward, Nigerians can now benefit from the lower prices even before the completion of their new plants.
Currently, BUA Cement produces 17 million metric tonnes per annum. Upon the completion of their ongoing construction of new plants, they intend to further review and adjust prices in the first quarter of 2024, as previously announced.
Customers who have pending orders paid for at the old prices would have their orders reviewed downwards to the new price of N3,500 per bag from October 2, 2023.
BUA Cement has urged their licensed dealers to ensure that end-users also benefit from this reduction in ex-factory prices, as field sales would be monitored for compliance.
