Latest news with #Alter
Business Wire
31-07-2025
- Business
- Business Wire
Sims Limited and Alter Steel Collaborate to Help Grow Queensland's Clean Steel Industry
SYDNEY--(BUSINESS WIRE)-- Sims Limited ('Sims') and Equest Steel Pty Ltd, trading as Alter Steel ('Alter'), today announced they have entered into a non-binding Memorandum of Understanding (MOU), to establish a scrap supply and services agreement supporting Alter's proposed electric arc furnace (EAF) planned for Pinkenba, Queensland in 2028. 'This MOU represents a strategic milestone for Sims. It reinforces our position as a key partner to Australia and New Zealand's growing domestic steel sector." — Stephen Mikkelsen, CEO and Managing Director, Sims Limited Under the terms of the MOU, it is proposed that Sims would exclusively supply up to 550,000 tonnes of ferrous scrap annually, manage Alter Steel's scrap inventory on a just-in-time basis, and provide access to port and rail infrastructure via the staged development of Sims' Pinkenba site. Sims' Pinkenba site is located approximately 1km from the location of Alter's proposed EAF on Tingira Street. The parties will use the MOU as the framework for negotiating a binding agreement. With growing pressure to cut emissions and reduce reliance on imports, Alter Steel is investing over $750 million to build a new steel mill at Pinkenba. The facility plans to turn local scrap into 500,000 tonnes of reinforcing steel each year, keeping manufacturing in Australia and supplying Queensland and national projects with lower carbon material. Alter Steel's Pinkenba mill is expected to create over 600 construction jobs and more than 220 permanent skilled positions across steelmaking, trades, engineering and logistics once operational. The company has recently achieved several key milestones, including conditional development approval for the site and a supplier agreement with global technology and equipment partner Danieli. Sims' Pinkenba investment represents a significant development for its Australia and New Zealand operations and strategy. Plans are focused on the staged development of the site into a world-class strategic logistics and metal recycling hub. The site will enable more efficient scrap movement by significantly transitioning from road-based transport to shipping and potentially rail. This transformation is expected to unlock substantial operational efficiencies while also supporting the future feedstock needs of Alter Steel as well as other steelmakers in Australia and New Zealand, continuing to position Sims as a leading supplier of high-quality recycled raw materials. 'This collaboration with Sims completes the supply chain to deliver the cleanest steel in Australia, right here in Queensland,' said Grant Johnston, Managing Director of Alter Steel. 'Sims is a global leader in metal recycling, and we're proud to have them alongside us on this project. Together, we'll transform local scrap into high value steel, cut emissions, and keep manufacturing onshore. Construction is planned to commence in 2026, with operations beginning in 2028. This project positions Queensland at the forefront of Australia's low carbon steel industry.' Stephen Mikkelsen, chief executive officer and managing director of Sims, commented: 'This MOU represents a strategic milestone for Sims. It reinforces our position as a key partner to Australia and New Zealand's growing domestic steel sector. The MOU provides a potential pathway to long-term volume certainty for both parties, supported by efficient logistics through the Pinkenba hub. It also builds on our core strengths of providing responsible, sustainable operations, scale, material quality, technology, and diverse scrap sourcing, supported by a network of collection sites with access to a wide range of transport options. We are very excited to work with Alter, supporting their ambitions in manufacturing low-emission steel." About Alter Steel Alter Steel is backed by Westview Group, a privately owned Australian industrial group employing over 750 staff across steel, technology and manufacturing. Alter's proposed Electric Arc Furnace at Pinkenba is expected to see an investment of more than $750 million in Queensland and would produce up to 500,000 tonnes per annum of high-quality, low emissions reinforcing steel once operational. This reinforcing steel would be supplied as a lower carbon option to the construction sector across Queensland and Australia for the building of new infrastructure like roads, buildings and sports stadiums. It is anticipated that the project would create approximately 600 jobs during construction and more than 220 permanent high-skilled positions once operational. Head Office: 3 Marco Polo Drive, Mandurah WA 6210. About Sims Limited Founded in Australia in 1917, Sims Limited is a global leader in metal recycling and the provision of circular solutions for technology. Employing approximately 4,100 employees globally, the company operates more than 150 facilities across 13 countries. Sims Limited plays a vital role in helping increase circularity and decarbonisation by supplying recycled materials and re-purposed products. The company's ordinary shares are listed on the Australian Securities Exchange (ASX: SGM), and its American Depositary Shares are quoted on the Over-the-Counter market in the United States (USOTC: SMSMY). The Company's purpose, create a world without waste to preserve our planet, is what drives its constant innovation and leadership in the circular economy. For more information, visit Head Office
India Today
25-07-2025
- Entertainment
- India Today
Sequel to Rudyard Kipling's 'Kim'
The founding idea of Stephen Alter's novel is little short of brilliant. The ageing spy—whether in retirement or on the verge thereof—drawn reluctantly into the strife of the world, is a familiar device in postwar fiction. He has been in the thick of it, seen and seen through it all, and is well-positioned to give one a clear-eyed account of contested histories. John le Carr's Smiley is perhaps the best-known, but there are others. Mick Herron's Jackson Lamb in Slow Horses—brilliantly rendered by Gary Oldman in the TV series—is a recent example. Alter's ageing spy is none other than Kipling's Kim, drawn into the turmoil of India in the moment of the smudgy dawn of Independence—yeh dagh-dagh ujala.... The history is nothing if not momentous, and Alter is a skilled writer who has researched his material well—both the fictional world of Kipling's boy-hero, and the fateful and blood-stained midnight hour when India awoke to its 'freedom'.
Bangkok Post
25-07-2025
- Business
- Bangkok Post
SolarEdge Showcases Smart Solar Tech at ASEW 2025
Bangkok, July 25, 2025 – SolarEdge, a global leader in smart energy solutions, unveiled its comprehensive product line-up featuring the new Power Optimizer S1500, Commercial Storage System (CSS-OD), and industry-leading four-layer cybersecurity protection at ASIA Sustainable Energy Week 2025, as Thailand's photovoltaic market continues its remarkable growth trajectory over gigawatts annually. Speaking at the ASEW 2025, Einor Alter, General Manager for Southeast Asia & Israel at SolarEdge, said that "The Thai PV market appears poised for continued growth. Solar PV has consistently shown promise as an investment in Thailand, due to local electricity costs and the financial returns observed in both residential and commercial segments. Given the changing economic climate, installing a SolarEdge PV system, with higher yields and greater security on your investment, makes financial sense.' Illustrating the scale of Thailand's solar revolution, Alter highlighted the market's impressive trajectory: "The transformation in Thailand has been dramatic over recent years, with the residential sector experiencing substantial growth, while commercial and industrial sectors are expanding significantly. Large utility opportunities are emerging, including feed-in tariff projects and floating solar opportunities." To support this growing market demand, SolarEdge showcased several products designed for the evolving energy landscape: Power Optimizer S1500 – The latest generation optimiser delivers 99.5% efficiency with enhanced energy harvesting capabilities. Compatible with high-power panels up to 750W, including bifacial and G12 formats, the S1500 is specifically designed for Thailand's preference for large-scale solar panels, maximising energy production through advanced Maximum Power Point Tracking (MPPT) technology. SolarEdge ONE for C&I – This cloud-based energy optimisation platform soft launched for commercial use in May 2025, offering advanced monitoring, operations & maintenance, and site management capabilities to maximise return on investment for commercial installations. Commercial Storage System (CSS-OD) – A scalable 102.4kWh battery solution designed for small and medium factories, expandable up to 1MWh configurations with a 10-year product warranty and 6,000-cycle performance guarantee. For residential applications, SolarEdge demonstrated SolarEdge GO, an all-in-one mobile application that streamlines installation, management, and service operations. The company's partners showcased the complete SolarEdge Home ecosystem, including Home Hub Inverters, Home batteries, backup interfaces, and S650B Power Optimizers. Industry-Leading Cybersecurity Protection Addressing growing industry concerns about potential cyber risks in critical energy infrastructure, SolarEdge highlighted its comprehensive four-layer cybersecurity protection system. As solar installations become strategic energy assets, the company's robust built-in security measures help protect against the cyber-concerns now being raised across Europe and America. Pioneering Safety Technology SolarEdge demonstrated its proprietary ASICS chip technology, the "brain" of its Power Optimizers, which have shipped over 132 million units globally. The company showcased its Sense Connect safety functionality in its S-series Power Optimizers, which prevents potential electric arcs at connector points. By detecting and reacting to abnormal connector overheating, SolarEdge Sense Connect technology proactively shuts down systems before problems occur. "This proactive safety protection was an industry-first," emphasised Alter. "We're not just providing equipment; we're delivering comprehensive safety solutions that are built-in to the technology." Strategic Investment in Thailand Supporting its growth strategy, SolarEdge has established SolarEdge Thailand as a locally registered entity, expanded its workforce, and will open a Bangkok warehouse in the fourth quarter of 2025 to further reduce lead times and improve market access. "We're making significant infrastructure investments and are laser-focused in delivering improved economics to our customers in our portfolio and pricing," concluded Alter.
New Indian Express
06-07-2025
- Entertainment
- New Indian Express
A ripping yarn with a few loose threads
'I was saving India,' I reply. Kim saving India is a ripping tale of espionage, double crosses and Pink Panther-ish escapades, told in Alter's clear prose with detailed historical Raj trinkets. It is the lot of writers who attempt to storm the citadel of a master's legacy to buckle under the weight of the classic; those who write fake Sherlock Holmes stories fall in that category. Perhaps it is unkind to an author of Alter's calibre to call his novel a derivative follow up; he does tell a terrific yarn a lesser man may not have been able to execute in a pukka fashion. Hitler has lost the war, but his followers remain hopeful of resurrecting the defeated dream of the Aryan race, not just in Germany but among the English upper crust too. Wounded by a sharpshooter's bullet, Kim who 'may have some black Irish in me, the blood of a shipwrecked Spanish sailor in my veins perhaps' —is sent by British Intelligence to find out if the Partition is being sabotaged. From the whorehouses of Lahore, his mission takes Kim through a burning, sundered landscape where mobs roam burning trains and lynching people to the whispering lanes of Old Delhi and the quiet grandeur of Civil Lines, where conspiracies unfold with the slow rhythm of an empire crumpling, arousing his 'feral instincts'. The plot is full of references to the original story: Freemasons, the monk who wants to finding the River of the Arrow, the teeming streets of Lahore, and Zam-Zammah—the descriptions are nostalgically beautiful: 'whenever I get bored of sitting atop the great fire breathing cannon Zam-Zammah, and lording it over my friends, I would dismount from the tarnished bronze barrel etched with inscriptions in Farsi, and cross the street to Ajaib Ghar, 'the house of wonders' as we called the Lahore Museum.' Kim can be both maudlin and realistic—'a guttersnipe who bartered his soul for a lost cause...a drunkard who dreams only of the past but has a future.'
CNBC
30-06-2025
- Business
- CNBC
Buy Disney as cruise and streaming businesses pick up steam, Jefferies says
Jefferies sees a rosy outlook ahead for Walt Disney . The bank upgraded shares of the entertainment giant to buy from hold. Analyst Ed Alter also lifted his price target to $144 per share from $100, implying nearly 18% upside from Friday's close. Alter pointed to the launch of two new cruise ships in the first quarter of next year as a catalyst. Together, these ships could drive incremental revenue up between $1 billion to $1.5 billion. The analyst also applauded Disney's direct-to-consumer business, especially the content and sports slate offered on its streaming platform, Disney+. Names such as "Moana 2" and "Lilo and Stitch" have been recent bright spots, while audiences can look forward to the upcoming releases of Avatar 3 and Zootopia 2 , alongside the launch of ESPN's new streaming service. DIS YTD mountain DIS YTD chart "DIS is leaning more and more into its key differentiations of bundling, studio releases, and sports, where our data suggests this strategy is working, with DIS+ web visits growing 40%+ y/y in each of last 3 months," he wrote. "Stronger user growth and content coupled with advertising (new AMZN partnership) should drive enhanced scale and margins." While a tough macroeconomic backdrop and competition from the opening of Universal's Epic Universe had previously been cause for concern, Alter said data on Disney's trends show that traffic remains strong. In fact, Orlando traffic may actually pick up from the launch of Epic Universe alongside Disney's two new cruise ships. "This creates a fundamentally stronger set-up for Exp; we est ~10% Op. Inc growth in FY26 and +8% in FY27 (vs. +3.6% in FY24)," he added. Shares rose more than 1% following the Jefferies upgrade. Year to date, the stock is up nearly 10%. Disney shares are well liked by analysts in general. LSEG data shows that 27 of 34 analysts covering the stock rate it a buy or strong buy.
