BUA Cement reduces ex-factory cement prices to N3,500/bag effective October 2, 2023.
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We refer to our previous pronouncements regarding our intent to reduce cement prices upon the completion of our new lines at the end of the year, in order to spur development in the building materials and infrastructure sectors.

As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform our esteemed customers, stakeholders, and the 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 benefits of the price reduction before the completion of our plants.

Upon completion of the ongoing construction of our new plants, which would increase our production volumes to 17million metric tonnes per annum, BUA Cement PLC intends to review these prices further in line with our earlier pronouncements by the first quarter of 2024.

NOTE: all pending, undelivered orders which had been paid for at the old prices will be reviewed downwards to N3500/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.

Signed:

Management
01 October, 2023

Ex?

Good development. This factory price is not a bad one. We are getting there soon.

Xscape1993:
Good development....

@OP, do you even know what ex-factory price means? It means what distributors pay per bag. Then you add distributors margin (10%), transportation (another 10 - 15 %), then retailers margin. By the time it reaches the man at Ogba, it would be N4500 to N5000.

Good one

Dangote denied your propaganda last week.
Una don carry bua .

Until bua management comes out boldly not in letter head, forget this corn community.

Validated:

@OP, do you even know what ex-factory price means? It means what distributors pay per bag. Then you add distributors margin (10%), transportation (another 10 - 15 %), then retailers margin. By the time it reaches the man at Ogba, it would be N4500 to N5000.

The ex-factory price is the cost of a product when it leaves the manufacturer's facility, excluding any additional costs such as transportation, taxes, or retailer markups.

You are really "Validated"...

Validated:

@OP, do you even know what ex-factory price means? It means what distributors pay per bag. Then you add distributors margin (10%), transportation (another 10 - 15 %), then retailers margin. By the time it reaches the man at Ogba, it would be N4500 to N5000.

blamingthedevil:

The ex-factory price is the cost of a product when it leaves the manufacturer's facility, excluding any additional costs such as transportation, taxes, or retailer markups.

God bless you richly my dear.

I hope they wont cone up tomorrow to deny it.

Or Dangote will not launch another campaign against them