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,’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.