BUA Group unveils BUA Foods, to open flour, pasta mills | Dailytrust

BUA Group unveils BUA Foods, to open flour, pasta mills

The founder, BUA Group, Alhaji Abdulsamad Rabiu
The founder, BUA Group, Alhaji Abdulsamad Rabiu

The Chairman of BUA Group, Alhaji Abdul Samad Rabiu has announced the consolidation of the company’s food businesses under a single entity to be known as BUA Foods.

During the unveiling/media launch of the BUA Foods Plc at the company’s corporate head office in Lagos, Rabiu disclosed that the sugar, flour, pasta, rice and edible oil have all been integrated into the BUA foods.

According to him, BUA Group, one of the largest indigenous conglomerates in Africa, is investing heavily in the nation’s food industry.

“We have built eight ultra-modern factories across the country where we refine and process sugar, flour, pasta products, edible oils, and rice.

“We have a refining capacity of 1.5 million metric tons (MT) of sugar yearly from our two automated sugar refineries in Lagos and Port Harcourt.

“Our flour milling and pasta processing factories have a milling capacity of 576,000MT and 250,000 tons total annual production.

“By the middle of next year, we will commission our new lines in Port Harcourt, and with that, we will have 850,000 tons of flour and another 250,000 tons of pasta.

“That will give us a total of 1.4m tons of flour milling and 500,000 tons of pasta from next year. BUA oil factories in Lagos and Kano produce high-quality oil from groundnut and palm oil.

He stressed, “We have invested in large scale estates within the country to help deepen local sugar production.”

Reacting, Mr Ismail Ajao, the production manager of Royal bite company in Lagos said the BUA flour milling factories will reduce the increasing price of flour.

Currently, he said flour is N22,000 rising from N11,500 some months ago. “If BUA increases its production capacity, it will help in no small way.

“There will be more flour which will force their competitors to also reduce the price of the product,” he said.

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
Media Trust Ltd

Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410