Bua Group

[betty]

Who Has Information About Bua Group?

[solainvest]

Are they planning a PP?

I looked through their website :: Welcome to BUA GROUP::

and they have a very interesting structure and a good management profile.

Lets make some enquiries......

Why is everybody doing PP???

[Apache]

Originally Posted by solainvest

Are they planning a PP?

I looked through their website :: Welcome to BUA GROUP::

and they have a very interesting structure and a good management profile.

Lets make some enquiries......

Why is everybody doing PP???

I don't think anyone has mentioned a PP yet but i won't be surprised if they intend having one. I have been seeing their adverts in the papers of recent and i knew something was in the offing.
This is one i am willing to rob a bank for even without seeing the prospectus. Let them wait small cos i no get money now. They are currently building a sugar refinery in Lagos.

[solainvest]

A sugar refinery!!! amongst other interest they have.

Then it is truely worth looking out for.

[riskreturn]

Originally Posted by Apache

I don't think anyone has mentioned a PP yet but i won't be surprised if they intend having one. I have been seeing their adverts in the papers of recent and i knew something was in the offing.
This is one i am willing to rob a bank for even without seeing the prospectus. Let them wait small cos i no get money now. They are currently building a sugar refinery in Lagos.

I have just forwarded this thread to the Nigerian Police so they can prepare for planned robbery of a bank. Second, why are you complaining of having no money now, despite the recent, cnn-publicised almost inhexhaustible huge amount of largesse you got from sale of several million units of Costain shares at about 80 Naira? Then, what do you expect the rest of us to say?

[Apache]

Originally Posted by riskreturn

I have just forwarded this thread to the Nigerian Police so they can prepare for planned robbery of a bank. Second, why are you complaining of having no money now, despite the recent, cnn-publicised almost inhexhaustible huge amount of largesse you got from sale of several million units of Costain shares at about 80 Naira? Then, what do you expect the rest of us to say?

My broda, have you seen the movie - Jumper? Na that robbery level i dey operate o! so nothing for Naija police
Anywayz, whenever this one comes out, it will be a hit (might even be better than Chams) Hope we get to see a prospectus early. Let's go a-digging.
As for my largesse, abeg leave that side. I don even 4get say i buy costain b4. Have moved into other stocks (Oceanic, UBA)

[DEEINVESTOR]

Originally Posted by solainvest

Are they planning a PP?

I looked through their website :: Welcome to BUA GROUP::

and they have a very interesting structure and a good management profile.

Lets make some enquiries......

Why is everybody doing PP???

Solainvest,
Any info on BUA. There are some PPs that you dont ask plenty ?s.

[solainvest]

No information yet but keeping ears close to the ground. If I hear of anything, I will surely inform the house.

[Fredcom]

Originally Posted by solainvest

No information yet but keeping ears close to the ground. If I hear of anything, I will surely inform the house.

Pls guys, i'm interested, very interested on this one. I will also try to dig.

[julian]

i am interested on omatek computers but want to get more info as i have been investing in pp

[solainvest]

If you go back to the private placement thread, there has been detailed discussion on Omatek. It will guide you. This thread is for Bua.

You are welcome on board......

[samu43]

Originally Posted by julian

i am interested on omatek computers but want to get more info as i have been investing in pp

Julian, there's a very active thread on Omatek.

Folks, let's strictly discuss BUA issues here as my body dey shake when i see there's been an update in this thread

[olusolakemmy]

Originally Posted by samu43

Julian, there's a very active thread on Omatek.

Folks, let's strictly discuss BUA issues here as my body dey shake when i see there's been an update in this thread

about BUA group?
no PP for now, the company is simply building up a strong profile producing 70mt sugar/day, and many other business interest majorly in the food industry.

i think they are focusing on inside and bank loan rather than sourcing for fund from the capital market.

But one thing is certain, BUA will evetualy come to the market, thats where they belong.

someone jokingly mentioned to me that, some companies are too big to be own by one person or be a limited coy!!!!!!!!!!

[hispy99]

BUA increases Nigeria’s sugar refining capacity to 2.1million MT
By David Amuwa
Published: Thursday, 23 Oct 2008
Nigeria’s sugar refining capacity has increased from 1.4million metric tonnes per annum to about 2.1million metric tonnes, following the addition of 700,000MT to the existing capacity by the BUA Group.

The group has commenced the production of 2,000 tonnes of sugar per day from its plant in Lagos. This will translate to a total of 700,000 tonnes of sugar per annum.

The other indigenous sugar refiner is the Dangote Sugar Refinery, with a capacity to produce 1.4million metric tonnes per annum.

The Chairman, BUA Group, Alhaji AbdulSamad Rabiu, and the Managing Director, Bua Sugar Refinery, Mr. Godwin Isibor, disclosed this during a facility tour of the plant on Wednesday.

Rabiu said the raw sugar storage dome in the refinery had a capacity for 400,000 tonnes or two shiploads of sugar at a time, from which it was producing about 2,000 tonnes of refined sugar every day.

He said the sugar dome was safe and completely covered from water and dirt, adding that the storage facility was the first of its kind in Africa.

According to Rabiu, the company started constructing the refinery about three years ago and commenced sugar production a month ago.

He added that the company would utilise about 60 per cent of the plant’s installed capacity by the end of the year.

He added that Bua sugar was already in the market, urging Nigerians to purchase the product, as it was fortified with vitamin A for consumers’ health.

He added that the company had a sugar plantation as part of its backward integration strategy and to further boost production, adding that no company was presently producing raw sugar in the country.

He added that the company had also set up a power plant with capacity to generate 20 megawatts of electricity for its production, though it was presently generating 10 megawatts.

He added that the power being currently generated was sufficient for its operations, and that of its neighbours, adding that the company planned to double the capacity to be able to supply power to neighbouring firms.

He said the company was sourcing the water used in the plant from a borehole, which had been treated for safe usage.

He said the company was carrying out the purity, moisture and colouring of its sugar materials in its laboratory, as it had set the parameter through which it was checking the sugar to ensure it complied with stipulated international and government standards.

Rabiu said the company was monitoring and controlling the entire production process from the control room to ensure effective and efficient production of sugar.

He added that the refinery was divided into different parts, which included storage facility from which sugar would be taken to the refining site where water and some chemicals were being used to remove impurities from the sugar.

He pledged the company’s commitment to offering quality and affordable products to Nigerians.

[chuksnwamara]

BUA group plans listing sugar firm on the Exchange
By Femi Adekoya

THE chairman of Bua Group, Alhaji Abdulsamad Rabiu, has announced the group's intention of listing some of its subsidiaries on the floor of the Nigeria Stock Exchange (NSE)

Revealing this to journalists yesterday, at the facility tour of BUA Sugar Refinery, in Lagos, the chairman said that the group is considering listing some of the shares of its subsidiaries in the daily official list of the NSE, to aid its expansion exercise.

In his words: "We are considering listing the shares of BUA Sugar Refinery on the Nigerian Stock Exchange. We are currently looking into it but concrete decisions concerning the listing have not yet been taken."

He added that the group's sugar refinery, which is currently producing 2,000 tonnes of sugar daily, is looking forward to expanding its production capacity to 3000 tonnes from next year.

He explained that although, the sugar refinery started production a month ago, the company has been able to achieve 60 per cent of its stock capacity and hopes to achieve full capacity before the end of the year.

"The group started building a 2000 tonnes sugar refinery three years ago but did not commence production until last month.

"Presently, we have achieved 60 per cent of our stock capacity, while we hope to achieve full capacity before the end of the year," he said."

Furthermore, Alhaji Rabiu noted that the company has just acquired Lafiaji Sugar Mill, a sugar plantation from government about six months ago, therefore enhancing the company's moves to begin local production of sugar from the plantation.

"Presently, we have a dome which is the first in Africa to accommodate 40,000 tonnes of raw sugar which we refine at our refinery. Although, the demand for sugar is high but we are optimistic of meeting the demand for the product. We are currently the second largest company in sub-Saharan Africa, with a capacity of 200 tonnes a day, which translate to about 700,000 tonnes per annum," he said.

On the challenges faced by the company, Rabiu said that the company has been able to address the issue of power generation as it presently has a capacity to generate 20 mega watts of power to cope with its production needs.

On its future outlook, he said, "Although there is stiff competition in the market, we look forward to exporting refined sugar from next year and also increase our production capacity."

Meanwhile, BUA International Limited, a member of the BUA group, recently introduced a floating cement terminal named BUA Cement 1, which is designed specifically for bulk uploading.

The vessel, according to the Chairman, has a storage capacity of 40,000 metric tonnes, and is equipped w ith siwertel ship uploader capable of receiving cement at a rate of 800 metric tonnes per hour in order to bridge the gap in the supply chain of cement to customers.

"We are going to bring the product into the Nigerian market in such a way that it would help to alleviate the suffering of the masses", the BUA boss noted