STE

Algoma Steel Provides Update on Incident at Coke-Making Plant

Retrieved on: 
Tuesday, January 23, 2024
ASTL, Legislation, Blast furnace, Insurance, STE, Work, Environment, Coke, TSX, EAF, Safety, The Blast Furnace, Engineering, News

MARIE, Ontario, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided an update further to the incident on Saturday, January 20 at its coke-making plant when a structure supporting utilities piping collapsed.

Key Points: 
  • MARIE, Ontario, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided an update further to the incident on Saturday, January 20 at its coke-making plant when a structure supporting utilities piping collapsed.
  • As a result, Algoma currently believes that there is a low risk of impact to the adjacent waterway.
  • A repair plan for the coke-making plant is being developed with third party engineering support in accordance with Algoma's Environmental Compliance Approval.
  • At the time of the coke-making incident, for safety reasons Blast Furnace operations were temporarily suspended while the site was secured.

Algoma Steel Reports Incident at Coke-Making Plant

Retrieved on: 
Saturday, January 20, 2024
ASTL, Hand, Legislation, Failure, STE, Environment, Coke, TSX, Safety, News, Atmosphere

MARIE, Ontario, Jan. 20, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that in the early hours of Saturday, January 20, 2024 there was a collapse of a structure supporting utilities piping at our coke-making plant.

Key Points: 
  • MARIE, Ontario, Jan. 20, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that in the early hours of Saturday, January 20, 2024 there was a collapse of a structure supporting utilities piping at our coke-making plant.
  • There have been no injuries and the Algoma team is managing the occurrence with the safety of our employees and the community as our highest priority.
  • The incident resulted in a coke oven gas main failure generating abnormal coke oven gas flaring and air emissions.
  • Algoma advises that it has adequate coke supply on hand, and it does not anticipate an impact on customer shipments at this time.

Craft Medical Evolves to Craft Men's Clinic, Reflecting Its Dedication to Men's Health

Retrieved on: 
Monday, January 22, 2024
Stearman, Patient, STE, Men's Health, TRT, Health

TULSA, Okla., Jan. 22, 2024 /PRNewswire/ -- Craft Medical, a leader in men's telehealth services, is excited to announce its rebranding to Craft Men's Clinic, a Craft Health Company.

Key Points: 
  • TULSA, Okla., Jan. 22, 2024 /PRNewswire/ -- Craft Medical, a leader in men's telehealth services, is excited to announce its rebranding to Craft Men's Clinic, a Craft Health Company.
  • This change is not just in name but also a reaffirmation of our dedication to men's health and hormone optimization, focusing on online healthcare solutions.
  • Since its inception, Craft Medical has been at the forefront of providing personalized medical care remotely, specializing in testosterone replacement therapy (TRT).
  • "We've always been passionate about men's health, and renaming ourselves Craft Men's Clinic solidifies our commitment to this cause.

Algoma Steel Provides Fiscal Third Quarter 2024 Guidance

Retrieved on: 
Wednesday, January 3, 2024
UAW, TSX, Electric arc furnace, STE, Adjustment, ASTL

MARIE, Ontario, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal third quarter ending December 31, 2023.

Key Points: 
  • MARIE, Ontario, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal third quarter ending December 31, 2023.
  • Fiscal 2024 third quarter total steel shipments are expected to be around 515,000 tons and Adjusted EBITDA is expected to be in the range of $(10) million to breakeven.
  • Due to the lagging nature of our order book, UAW strike-driven soft demand and pricing in the previous quarter and through October impacted our fiscal third quarter results.
  • We expect this pricing strength, coupled with continued solid market fundamentals, to drive significantly improved realized pricing and overall fiscal results starting with our fiscal fourth quarter,” Mr. Garcia concluded.

Algoma Steel Group Announces Director Retirement

Retrieved on: 
Thursday, December 21, 2023
Audit committee, Acquisition, ASTL, Legislation, News, Operation, TSX, Human resources, Compensated emancipation, STE, Management

MARIE, Ontario, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that Andrew Schultz is retiring from the board of directors effective December 31, 2023.

Key Points: 
  • MARIE, Ontario, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that Andrew Schultz is retiring from the board of directors effective December 31, 2023.
  • Mr. Schultz originally joined the board of Algoma Steel Holdings Inc., a predecessor to the Company, in connection with its acquisition of the assets of Essar Algoma Steel Inc. in 2018, and continued as a director of Algoma in October 2021 as it became a public company following the merger with Legato Merger Corporation.
  • “Andy guided Algoma through numerous strategic milestones, helped establish robust governance practices and championed our investment in electric arc steelmaking.
  • During his tenure on the board, Andy played a pivotal role in establishing Algoma as an emerging North America leader in green steel with a strong and sustainable future.

Algoma Steel Announces Retirement of Vice President - Sales

Retrieved on: 
Thursday, November 23, 2023
Commercial, Hand, EAF, Retirement, ASTL, Legislation, News, Customer service, TSX, Safety, Steel, STE, Management

MARIE, Ontario, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced its Vice President - Sales, Rory Brandow, has indicated his pending retirement effective December 1st, 2023.

Key Points: 
  • MARIE, Ontario, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced its Vice President - Sales, Rory Brandow, has indicated his pending retirement effective December 1st, 2023.
  • The Company has identified Chris Ford, Algoma’s current Director - US Sales and Customer Service, to succeed Rory as Vice President - Commercial.
  • Michael Garcia, the Company’s Chief Executive Officer, remarked, “Over an extensive career with Algoma, Rory has personified our core values of safety, teamwork, integrity and caring.
  • He has been a strong advocate for Algoma over the years and we extend our sincere gratitude to Rory for his leadership and service.

Identiv Wins 2023 Security Vanguard Award for Innovation in Community Security

Retrieved on: 
Tuesday, November 14, 2023
Data Management, Security, IOT (Internet of Things), Technology, Software, Networks, Internet, Safety, STE, Internet of things, Diocese, Catholic Church, Napco Security Technologies, VMS, Endeavor Business Media, Ademco Security Group, EBM, Environment, Video game, Mobile phone

Identiv, Inc. (NASDAQ: INVE), a global digital security and identification leader in the Internet of Things (IoT), has been honored with a 2023 Security Vanguard Award by Endeavor Business Media (EBM) Security Group.

Key Points: 
  • Identiv, Inc. (NASDAQ: INVE), a global digital security and identification leader in the Internet of Things (IoT), has been honored with a 2023 Security Vanguard Award by Endeavor Business Media (EBM) Security Group.
  • Identiv partnered with integrator Blakeslee Electric to develop a holistic security solution that served the needs of a diverse group of stakeholders, from facility employees and residents to the wider community.
  • "We are thrilled to be recognized by EBM Security Group with a Security Vanguard Award," said Michael Taylor, VP Global Sales, Identiv.
  • The Security Vanguard Awards, presented by SecurityInfoWatch.com, Security Business magazine, and Security Technology Executive (STE) magazine, are open to enterprise-level collaborative security projects that exemplify the best working partnerships among security solutions providers, security systems integrators, and the end-user clients they serve.

Holcim US' 2023 Sustainability Achievements Accelerate Decarbonization

Retrieved on: 
Thursday, December 14, 2023
Building material, Carbon, Research, COP28, PLC, Infrastructure, CO2, Concrete, TDF, Ceres, Inflation, News, STE, Paris Agreement, ESG, Renewable energy, Holcim

With the Global Cement & Concrete Association reporting momentum in the cement sector reaching net zero, building solutions leader Holcim is doing its part to work towards ambitious, verified global sustainability goals across its entire value chain.

Key Points: 
  • With the Global Cement & Concrete Association reporting momentum in the cement sector reaching net zero, building solutions leader Holcim is doing its part to work towards ambitious, verified global sustainability goals across its entire value chain.
  • In the US, Holcim hit significant sustainability milestones in 2023 with initiatives across the country and even more planned for 2024.
  • "A realistic approach to a net-zero, fully sustainable future requires us to consider all facets of our operations and products," said Michael LeMonds, Holcim US' chief sustainability officer and vice president of ESG.
  • From offering low-carbon cements and concretes to incorporating renewable energy to innovative carbon capture research, the company continues to put sustainability first.

Stora Enso commits to net-zero carbon emissions

Retrieved on: 
Tuesday, December 12, 2023
Carbon, STE, Science, Climate, Part, EUR, Renewable energy, Signature, Neutralisation of Rabaul, Sarly Adre Sarkum, Carbon accounting, Stora Enso, Climate Pledge Fund, Steiner's Taxonomy of Tasks

HELSINKI, Dec. 12, 2023 /PRNewswire/ -- Stora Enso commits to reach net-zero carbon emissions by 2040 by becoming a signatory of The Climate Pledge.

Key Points: 
  • HELSINKI, Dec. 12, 2023 /PRNewswire/ -- Stora Enso commits to reach net-zero carbon emissions by 2040 by becoming a signatory of The Climate Pledge.
  • Committing to net-zero emissions by signing The Climate Pledge is a logical step for Stora Enso in its long-term ambition to become net carbon positive, and to offer 100% regenerative products and solutions by 2050.
  • Stora Enso remains committed to deliver on its existing 2030 target to reduce absolute Scope 1, 2 and 3 emissions by 50% from the 2019 baseline.
  • Neutralise any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040.

Stora Enso's fourth quarter 2023 impairment test results

Retrieved on: 
Tuesday, December 12, 2023
Biomaterial, STE, Depreciation, EUR, ADR (treaty), Nordic

HELSINKI, Dec. 12, 2023 /PRNewswire/ -- Stora Enso will record non-cash impairments of approximately EUR 514 million in its IFRS operating result in the fourth quarter of 2023. The impairments will be reported as an item affecting comparability (IAC). Including the estimated positive tax effect of EUR 65 million, the net result impact will be approximately EUR 449 million negative.

Key Points: 
  • The impairments are mainly a consequence of Stora Enso's predictions of a weaker outlook compared to previous estimates.
  • As a result of the impairment booking, the annual depreciation will decrease by approximately EUR 40 million going forward.
  • The impairments do not impact Stora Enso's full-year 2023 guidance.
  • Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).