* Sinoma CBMI of China to grab the contract
WorldStage Newsonline– BUA Cement Plc, a leading cement manufacturer in Nigeria is set to sign a contract for the building of additional three production lines of 3 million metric tonnes per annum each this week.
In anotification at the Nigerian Stock Exchange (NSE) on Tuesday signed by Ahmed Aliyu Esq, Company secretary the company said the contract will be signed between it and Sinoma CBMI of China.
The production lines are to be located at Adamawa, Edo and Sokoto states, the company said
The announcement came as BUA Cement approval to raise about N100 billion in series one of its 7-year Fixed Rate Senior Unsecured Bonds under its N200 billion bond programme closed on Monday 21 December, 2020, according to earlier report by WorldStage.
