BUA Foods: What to know
The BUA Group is Nigeria’s privately owned
conglomerate, with operations and investments across key business sectors in
Africa.
Nigerian business tycoon Abdulsalam Rabiu is the
chairman of BUA Group – a conglomerate with large investments in cement
productions, sugar refining, and real estate.
According to the company’s website, BUA is a leading
foods, infrastructure, mining and manufacturing conglomerate in Nigeria, where
it is headquartered. The company can be classified into two major operations: BUA
Foods and BUA Infrastructure.
BUA Foods includes brands such as flour and pasta,
sugar, edible oils, and rice. While BUA Infrastructure includes: cement, real
estate, port operations, and mines and steel.
BUA Foods currently has 8 ultra-modern factories that
process rice, sugar, flour, and pasta. The factories sit on 20,000 hectares of
arable land located in Lafiagi, Kwara State. The company also has 7 wheat
storage silos with 32,000 tons storage capacity and 2,400 tons per day flour
mill. It currently has 1,500,000 MTPA combine sugar production capacity, and produces
250,000 tons per annum of its total pasta production.
Sugar Plantations and Refining
The BUA Group currently operates 2 ultra-modern and
automated mega sugar refineries: BUA Sugar Refinery, Lagos; and Eastern Sugar
Refinery, Port Harcourt). Both refineries utilize state-of-art equipment to
produce high quality and healthy sugar. They have a total installed refining capacity
of 1,500,000 metric tonnes. The company also invests heavily in the sugar industry
through its large-scale estates within the country to deepen local sugar
production. Its sugar plantation investments include the Lafiagi Sugar Company
Ltd (LASUCO) in Kwara State, which BUA acquired in 2008, and the Bassa Sugar
Company in Kogi State. The conglomerate has also acquired 70,000ha of land in
both locations to set up large scale sugar plantations, which will ultimately
contribute to the development of Nigeria’s local sugar industry.
Oil Milling
BUA Group acquired Nigeria Oil Mills (est. 1951) in
2001. The oil mill currently has two main facilities in Kano, Nigeria Oil Mills;
and in Lagos, BUA Oil Mills. The mills produce oil from groundnut and cotton
seeds, as well as produce animal feeds and soap.
Rice Milling and Plantation
BUA operates a rice mill, as well as, a rice
plantation in Kano State. It also operates a large out-growers Scheme which
targets about 100,000 rice farmers in Kano and Jigawa States. The BUA rice mill
is the largest in Nigeria, producing 200,000 tonnes per annum. It is currently
being upgraded to accommodate 1 million metric tonnes per annum. The rice
plantation is estimated to cover a land mass of about 10,000 hectares.
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