The gypsum plaster market in Nigeria will become more competitive with the introduction of products from BUA Gypsum Plaster Limited.
Gypsum plaster, also known as Plaster of Paris (POP) or POP cement, is an essential ingredient in the production of suspended ceilings and other structures in the construction industry.
At the moment, the local market is saturated with products from outside the country, particularly from Egypt. Because of the exchange rate crisis in Nigeria, the price of a 40kg bag averages between N10,500 and N11,000.
BUA Gypsum Plaster, a subsidiary of BUA Group, is flooding the market with its product from the newly completed state-of-the-art manufacturing plant in Port Harcourt, Rivers State.
The company has the capacity to produce about 2,400 tons of gypsum plaster per day to meet domestic demand and cut down reliance on imports into Nigeria.
Business Post learned that the company is offering the product to distributors at an ex-factory promo price of N8,000 per bag. This is for those who register with the company on or before December 31, 2024.
“The commencement of production at BUA Gypsum Plaster marks a significant milestone in our mission to support Nigeria and West Africa’s infrastructure development.
“With a production capacity of 2,400 tons per day, this facility is poised to serve the housing and construction sectors and go a long way in reducing the reliance on imported gypsum plaster products,” the Chairman of BUA Group, Mr AbdulSamad Rabiu, said.
He noted that the gypsum plaster plant aligns with the organisation’s vision to improve the value chain and enhance capacity in the various industries it operates.