Speaking on this development, Abdul Samad Rabiu, Founder/Executive Chairman of BUA Group who is also the Chairman of CCNN, praised the effort of all stakeholders in bringing the merger to fruition. According to him, the expanded CCNN will remain the market leader in its regional market of North West Nigeria – which is the third largest market for cement in Nigeria by consumption, whilst continuing to explore the huge opportunities that exist in the export markets of Niger, Burkina Faso and the west African region. “Traditionally, the huge cost of transportation to CCNN’s home region from other cement plants in Nigeria – the nearest being about 900km away – has always given us a strategic advantage in that region over competing cement companies and brands. The expanded entity will leverage on the cost and energy efficiency of the newly commissioned Kalambaina Plant whilst providing additional value through its products in terms of better quality, higher yields and a stronger cement than competing premium cement brands.”
With this merger, the total installed capacity of the merged entity will be 2million metric tonnes per annum. This development will therefore bring the total capacity of BUA’s cement operations to 8million MTPA as the group recently announced the completion of its 3million MTP Obu II Cement Plant in Okpella Edo State.