Plans to Construct a Steel Plant in Nigeria and Cement Factories in East Africa

Bua, Chinese firm plan N374bn steel, cement plants

Punchng, Feb 19,ā€™16

The Bua Group has resumed discussions with a Chinese firm, Sinoma International Engineering Company, on plans to construct a steel plant in Nigeria and two cement factories in East Africa. The Bua steel plant, with capacity for 1.2 million tonnes, would cost $1.2bn, while the two cement plants, which would have an annual capacity of three million tonnes, would cost $700m.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s