In a strategic move aimed at outpacing its competition and bringing immediate benefits to the Nigerian populace, BUA Cement Plc has announced the early implementation of its reduced ex-factory price for cement bags, making it available to consumers at a price of N3,500 per bag. This proactive decision comes even before the completion of the company’s ongoing expansion projects, reflecting BUA Cement’s commitment to delivering value and spurring growth in Nigeria’s construction and infrastructure sectors.
BUA Cement, one of Nigeria’s foremost cement manufacturers, released a statement on Sunday, reaffirming its dedication to lowering cement prices, thereby fostering development in the vital building materials and infrastructure industries. The company’s new production lines are on track to be completed by the end of this year.
The statement, directed at BUA Cement’s customers, stakeholders, and the general public, underlined the company’s unwavering commitment to operational efficiency and customer satisfaction.
With effective implementation starting on October 2, 2023, BUA Cement has accelerated the price reduction, offering its cement at an ex-factory price of N3,500 per bag. This bold step ensures that Nigerians can immediately reap the benefits of the reduced prices even before the finalization of the company’s expansion projects.
As part of its long-term vision, BUA Cement intends to reassess these prices once the ongoing construction of the new plants reaches completion. These expansions are set to boost production volumes significantly, reaching up to 17 million metric tonnes per annum. The company aims to revisit pricing by the first quarter of 2024, aligning with its previous commitments.
In addition to the reduced prices, BUA Cement has extended its goodwill to customers who had pending, undelivered orders at the previous price points. Such orders will now be adjusted to the new, lower rate of N3,500 per bag, starting from October 2, 2023.
BUA Cement has also set high standards for its licensed dealers, urging them to ensure that the end-users are the ultimate beneficiaries of this price reduction. The company has pledged to closely monitor field sales to guarantee adherence to these directives.
This bold move by BUA Cement not only demonstrates its dedication to supporting Nigeria’s development but also positions the company as a front-runner in the industry. By delivering immediate relief to consumers and construction projects across the nation, BUA Cement is contributing significantly to the growth of various sectors of the Nigerian economy. This decision underscores the company’s commitment to delivering on its promises and fostering progress in the nation.