BUA Foods, one of Africa’s leading FMCG companies, has received the first of two shipping vessels to supplement its successful sugar export operations to the West African market earlier this year.
The export of refined sugar by BUA Food will benefit the economy by providing an alternative source of income and significantly diversifying the company’s markets.
The ships will leave and berth at BUA’s port and terminal, increasing export capacity while decreasing operating costs. The vessel was built by Mitsubishi of Japan and is named MV Bundu, after the area in which the refinery is located. The cargo capacity of the vessel is suited to enhancing quick and sustainable delivery of more refined sugar in the face of rising export demand from the African region.
The high-quality refined sugar is produced at BUA Foods’ ultra-modern sugar refinery in Port Harcourt. This cutting-edge refinery, with a capacity of 750,000 metric tons, can also process all grades of sugar.
“Owning a shipping vessel is an important step in BUA Foods strategy as we drive our business for growth with a focus on sustainable returns and benefit to all our stakeholders and the Nigerian economy,” said Abdul Samad Rabiu, Chairman of BUA Foods Plc. “We see an increased and continuing demand for refined sugar across the region, as well as an increase in logistics support to aid in timely delivery, which is why it is critical for us to strengthen our current capability with an own-controlled asset as we advance further in the industry.”