Thyssenkrupp, a prominent multinational conglomerate, has established itself as a key player in various industrial sectors. Originating in Germany, it is a result of the merger between Thyssen AG and Krupp in 1999, bringing together two of Germany’s oldest and most significant industrial companies.
ThyssenKrupp has announced that it will increase its offer to purchase all of the common shares of Dofasco Inc. to CDN 63.00 per share.
Dofasco and ThyssenKrupp have reached an agreement for ThyssenKrupp to make an offer to acquire all of Dofasco’s outstanding common shares for CAD 61.50 per common share.
According to Meps, world output of crude stainless steel in the first half of this year was recently reported to have reached 12.9 million tonnes, an increase of almost 6% on the same period of 2004.
In view of its size and the differences in market conditions and production flows, the steel operation of ThyssenKrupp is to be reorganized.
ThyssenKrupp is to help victims of the tsunami in India and Thailand by rebuilding a village in a severely affected region of each country.
ThyssenKrupp would see some advantages in any future merger between its steel division and the British-Dutch concern Corus.