BUA Crashes Cement Price To N3, 500

BUA cement has announced that it will begin the sale of its brand of cement for N3,500 beginning Monday, October 2.

The group, which made the disclosure in a statement issued by its management on Sunday, said the announcement is sequel to an early announcement to the effect

“We refer to our previous announcements regarding our intent to reduce cement prices upon the completion of our new lines at the end of the year in order to spur your development in the building material and infrastructure sectors, the statement read in part.

Following the decision, BUA said it will now sell its brand of cement at its ex-factory price following a periodic review of operation efficiency.

“...the management of BUA Cement Plc wishes to announce and inform our esteemed customers, shareholders and the general 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 benefit of price reduction before the completion of our plants,” the statement read further.

BUA group also stated that all previous order paid for in old prices but undelivered will be reviewed downwards.

“NOTE: All pending , undelivered orders which had been paid for at the old prices will be reviewed downwards to N3,500/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,” BUA wrote.