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Sally Anne Sherry appointed as Managing Director for UK and Ireland for Ecocem
Written by Global Cement staff
08 May 2024
Ireland: Ecocem has appointed Sally Anne Sherry as the Managing Director for its UK and Ireland business operations. She succeeds Susan McGarry in the post, who has become the group’s Director of Public Affairs and Sustainability.
Sherry holds around two decades of experience in the property sector and has worked as a non-executive director for several companies. Notably she worked as a Director and General Counsel for property development and investment company Bartra from 2015 to 2023. She holds legal qualifications from the University of Galway.
Germany: Buzzi Unicem subsidiary Deuna Zement plans to invest €350m to install a carbon capture system at its cement plant in Deuna, having completed two feasibility studies. The Thüringer Allgemeine newspaper has reported that, when operational in 2029, the system will capture 620,000t/yr of CO2. This will make the Deuna cement plant carbon neutral. The company has applied for government funding for the project.
Buzzi Unicem said that its subsidiary is ‘Doing pioneering work on the path to decarbonising the cement industry.’ It added “The system will be efficient and take all relevant environmental considerations into account.”
Jaiprakash Associates defaults on US$553m loans 08 May 2024
India: Jaiprakash Associates has defaulted on loans worth US$553m, including principal of US$210m and interest payments of US$343m. The Deccan Chronicle newspaper has reported that the producer has total borrowings of US$3.57bn, repayable by 2037. The borrowings are comprised of fund-based working capital, non-fund-based working capital, term loans and foreign currency convertible bonds.
Jaiprakash Associates will now transfer US$2.27bn to a special purpose vehicle as part of a scheme of arrangement, subject to the approval of the National Company Law Tribunal.
Ukraine: CRH has invested €465m in Ukraine since entering the country in 1999, €74.5m of it since the start of Russia’s invasion in February 2022. CRH Central and Eastern Europe president Guillaume Cavalier noted the double role of locally-produced cement in generating employment and state revenues.
Cavalier said "Investing in the expansion of production now is crucial to ensure the potential growth of the Ukrainian cement market following its integration into the EU."
Wärtsilä signs service contract for power plant at Mangal Industries cement plant in Nigeria 08 May 2024
Nigeria: Finland-based Wärtsilä has signed a 10-year operations and maintenance (O&M) agreement for a captive power plant that provides the energy for Mangal Industries’ cement plant located in Kogi State. The cement plant has limited access to the local electricity grid and its power plant operates with five Wärtsilä 34DF dual-fuel engines delivering an output of 50MW. The O&M agreement is designed to ensure that the facility can reliably maintain its cement production target of 3Mt/yr.
The 10-year agreement starts immediately as the unit commences operations in the second quarter of 2024. It will run on liquid fuel initially but then switch to gas operation when a natural gas pipeline is commissioned. The power plant’s dual-fuel engines can be operated both on liquid fuel and natural gas. They could also be potentially converted to operate with low- or zero-carbon fuels in the future subject to availability.
Patrick Borstner, Director, Operations Africa at Wärtsilä Energy said, “Wärtsilä now has more than 400MW of installed capacity for the cement industry in Nigeria, and we are operating three captive power plants in three different states. This successful track record clearly indicates our capabilities and highlights the added value we can deliver to our customers through our experience and expertise in supporting their operations.”
Mangal Industries signed a contract with China-based Sinoma International Engineering in 2021 for the construction of a 3Mt/yr new integrated cement plant. Construction at the site commenced in mid-2022.