Pittsburgh US Steel is not moving forward with a planned investment at its Mon Valley Works and plans to permanently idle three batteries at its Clairton Coke Works as the company accelerates its efforts to reduce its carbon intensity, US Steel CEO David Burritt said April 30.
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now With a clear vision for our future we have evaluated how we allocate capital through the lens of sustainability, value creation and lower capital and carbon intensity across the footprint, Buritt said during the company s first quarter conference call. When facts change, we must change; and as we step forward to meet the needs of a rapidly changing world, we must set aside the Mon Valley endless casting and rolling and cogeneration project.
Ironman 70.3 triathlon is back in southern Utah after being canceled because of the pandemic. County and city leaders say they’re excited about the boost it brings to the local economy.
Dubai: The Dubai-based interior fitouts company Depa saw 2020 revenues drop to Dh599.7 million, from Dh998.9 million a year ago, with COVID-19 led disruptions being the main cause.
Depa was also impacted by the insolvency proceedings at UAE’s biggest construction company Arabtec, with which it had a longstanding project relationship. The company s overall project backlog is Dh1.50 billion, while current net debt (excluding restricted cash) is at Dh52.1 million.
“Depa has responded, undertaking a strategic review and implementing the resultant transformation programme,” said Kevin Lewis, CEO of the Nasdaq Dubai listed entity. “This transformation programme has seen the group reduce its fixed cost base by more than Dh160 million; in addition to commencing a number of non-core asset disposals, including its highly successful Vedder business in Germany.
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