The US$1.05bn deal will see Sinoma build plants in the Edo, Sokoto and Adamawa states of Nigeria to be completed by the end of 2022. The new plants will bring BUA Cement’s total production capacity in Nigeria to 20 million tonnes per annum by 2022.
BUA says that, at 9 million tonnes combined capacity, this is the largest single contract ever awarded in the Nigerian cement industry for the construction of new cement plants.
The three new plants are in addition to BUA Cement’s already existing 6 million tpa plants in Edo State, 2 million tpa plants in Sokoto State, and another 3 million tpa plant in Sokoto which will be commissioned in Q2 2021.
Speaking at the ceremony held simultaneously at BUA HQ in Lagos and the CBMI HQ in China, BUA Cement chairman Abdul Samad Rabiu said: “Nigeria and the surrounding region is still home to huge opportunities in construction, housing, infrastructure, and allied industries."
Tong Laigou, chairman of Sinoma CBMI said there has been a longstanding partnership between BUA and CBMI, and that his company would bring its expertise and wealth of experience working in this environment to to complete the project on schedule.