History
1988 Establishment of BUA International Limited as a trading company to undertake importation of iron & steel, importation of rice.
Today the Group is into: Manufacturing, Port Management, Flour and Oil Milling, Oil & Gas, Iron & Steel, Shipping & Real Estate.
The BUA Group has a combined capital base in excess of US$1BN.
1991 Acquisition of BUA Oils. The company has two refinery plants and matching fractionation plants with a combined installed capacity of 700 TPD. Both plants are fully automatic PLC-operated based on the finest technology and process engineering in the world.
BUA Oil Mills is the biggest vegetable oil processing company in West Africa.
2000 Nigerian Oil Mills is acquired by BUA Group and renamed BUA Oil Mills. The factory is located in Ikeja.
2005 BUA Sugar Refinery was established. It is the second largest sugar refinery in West Africa.
BUA Flour Mill Lagos was incorporated and milling commenced in August of the same year. This Mill is 100% wholly owned by BUA Group.
2006 BUA Ports & Terminal was incorporated- a subsidiary of BUA International Limited.
2007 BUA Flour Mills Kano sited at Bompai Industrial Estate with a capacity of 500 metric tonnes per day – 100% wholly owned by BUA Group.
2008 Laifiagi Sugar Company was acquired by BUA Group to serve as a self-consistency in response to the Nigerian Government backward integration policy. It has installed capacity of 2,000 metric tonnes per day and the plant operates with gas supply from Gaslink Nigeria Limited.
BUA Cement was incorporated and commenced operations in the same year. It owns and operates a floating cement terminal, the BUA Cement 1, which is designed specifically for bulk and bag unloading for BUA International Limited.
Contract to build the BUA Pasta Plant was signed and work commenced within the same year.
2009 Sokoto Cement and Edo Cement Companies are acquired by BUA Group. Sokoto Cement had an initial capacity of 100,000 metric tonnes and makes use of the wet process technology.
The Group turnover for 2009 financial year was in excess of US$1.5BN.
International Quality Award 2009 by Business Initiative Directions (BID).
Mandatory Assessment Certificate Programme, (MANCAP), presented to BUA Sugar Refinery by Standard Organization of Nigeria in 2009.
West African World Class Multiservice Conglomerate Award by the Institute of Direct Marketing 2009.
Commerce and Industry Correspondence Association of Nigeria (CICAN) awarded BUA Group with a CICAN Crystal Award for Excellence, 2009.
2010 Gaslink Nigeria Limited awarded BUA Group with the Most Consumer Award 2010.
Mandatory Assessment Certificate Programme, (MANCAP), presented to BUA Flour by Standard Organization of Nigeria in 2010.
2011 BUA Pasta will be commissioned and will be integrated with BUA Flour Mills. Upon completion, the factory – a 5000 ton wheat silo – will produce semolina (360 MT/day) and a pasta production plant (240 MT/day), including a water treatment plant with the capacity to supply the entire factory with purified water.
BUA Group/FLSmidth sign contract of US$500 million for a 2.5 million new production line in Edo Cement resulting in a 2.9 million metric tonnes total installed capacity after completion.