Tag: Thyssenkrupp

ArcelorMittal and Japanese steelmaker Nippon Steel & Sumitomo Metal Corp. are planning a joint bid to buy ThyssenKrupp AG's Steel Americas unit to ramp up automotive steel sheet production.

Earlier this month, Luxembourg-based ArcelorMittal reportedly submitted a USD 1.

Brazilian steelmaker CSN has offered USD 3.8B to acquire ThyssenKrupp's Steel Americas division plants in Brazil and in the US.

CEO of ThyssenKrupp, Heinrich Hiesinger, has announced that the company is splitting off its stainless division so that more of its sales fall to other divisions. As a result of the split, more than 35,000 workers will be let go. The main reason for splitting off the division comes as a result of overall debt, according to Hiesinger. The stainless steel division has been running at a loss over past few years with last year's turnover amounting to EUR 5.9 billion. 

In order to optimize and develop the company's production sites, ThyssenKrupp will transfer production at its Benrath plant in Dusseldorf to Krefeld.

Contracts signed to implement a Framework Agreement for the Hellenic shipyards in Athens were signed on September 30, 2010.

ThyssenKrupp AG has resolved with immediate effect not to enter into any new contracts with Iranian customers.

Nineteen new low-floor streetcars have gone into regular service in Krefeld and concludes a local Krefeld success story, as large parts of the streetcar bodies were built from stainless steel made in the city by ThyssenKrupp Nirosta.  A total of 90mt of

ThyssenKrupp's Calvert plant is to start its cold roll steel production line the weekend of September 17, 2010. This CR steel production line will cooperate with hot rolled steel production line to produce HR steel.