The Management of BUA Cement Plc on Sunday debunked claims of a purported increase in the price of its cement by N300 per bag.
The management, in a statement obtained from its verified twitter handle, said the company had no plans to increase prices of its cement now or in the near future.
According to the statement, the company, noting the increased demand for cement, stated that the solution was not in an increase of ex-factory price at this period.
The company reiterated its stand that the timing was not right for any increase in the price of major commodities. It stated that work was ongoing towards ramping up production capacity to ensure that commodities like cement remain accessible and affordable for our consumers.
“BUA Cement Plc, in the past two days, has been inundated with calls seeking clarification as to whether it is part of a purported price increase of N300 per bag.
“BUA Cement wishes to inform the public, its distributors, and stakeholders…
Source: Guardian Newspaper