Tag: BUA Group

BUA Group signs contract for the establishment of a polypropylene plant in its refinery

Frank

NIGERIA – BUA Group, an indigenous conglomerate, has announced that it has signed a contract agreement with Lummus Technology for the establishment of a polypropylene plant in its refinery and petrochemical project. The completion of the project is to help boost Nigeria’s capacity to meet the country’s increasing demand for petrochemical products. The Chairman of BUA Group, Abdul Samad Rabiu, while disclosing the contract agreement, expressed confidence in the capacity and technical expertise of Lummus Technology to deliver a best-in-class project. “We are pleased to sign this polypropylene contract for…

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BUA Group partners French company in development of mega refinery facility

Frank

NIGERIA – BUA Group, one of Africa’s leading Foods, Mining, & Infrastructure Conglomerates has partnered with Axens Group- a leading French company- in the development of a mega petroleum refinery facility in Nigeria. According to a statement from BUA, the agreement is specifically for the supply of process technologies to support the development of the 10million tonnes per annum megarefinery and petrochemicals facility. This multi-billion-dollar integrated 200,000 bpd refinery and petrochemical plant which is to be located at a site in Akwa-ibom, Nigeria, is expected to produce Euro-V fuels and…

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Chairman of BUA Group donates US$2.73m, equipment to support COVID-19 eradication

Frank

NIGERIA – Nigeria’s industrialist and the founder of BUA Group, Abdul Samad Rabiu, has donated N1billion (US$2.73 million) in cash through the BUA Foundation to support the Federal Government’s bid to effectively tackle the coronavirus scourge in the country. Rabiu also donated testing kits and medical protective gear to nine states in the country. The medical equipment are expected to arrive in the country soon. The nine states that will benefit from the industrialist’s gesture are – Lagos, Kano, Adamawa, Edo, Kwara, Rivers, Abia, Akwa-Ibom and Sokoto. In his address…

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BUA Group to acquire majority stake in construction and mining firm P.W Nigeria

Frank

NIGERIA – BUA Group, a leading food, cement and infrastructure conglomerate, has announced its acquisition of majority shareholding in P.W.  Nigeria Limited, one of the largest constructions, engineering and mining companies in Nigeria. This is part of the conglomerate’s mission to further deepen its investments in the infrastructure business in sub-saharan Africa. “This acquisition marks the beginning of the next phase of our medium-term strategy for our infrastructure business following the completion of the consolidation of our cement arm, BUA Cement, in January 2020,” founder and executive chairman of the…

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