ThyssenKrupp Services AG, (Düsseldorf, Germany), the services arm of the ThyssenKrupp Group, is investing around EUR 18 million in the construction of two new warehouse, logistics and processing centers in Russia to be used by ThyssenKrupp Materials (Russia), a Moscow-based materials services company founded in 2004. The company supplies rolled steel, tubes, stainless steels, nonferrous metals and plastics to the manufacturing industry, the construction sector and the skilled trades. As part of the gradual expansion of its sales and warehousing organization, ThyssenKrupp Materials (Russia) has purchased five hectares of land in St. Petersburg and 2.5 hectares in Nizhny Novgorod. The center in Nizhny Novgorod is expected to open in September 2008, followed a little later – probably in May 2009 – by the St. Petersburg facility. Both sites will feature equipment such as flame cutting, band saw, laser cutting and packaging lines.
