ThyssenKrupp sells EWK

The contract on the sale of Edelstahl Witten-Krefeld GmbH (EWK) to Swiss Steel AG, Emmenbrücke/Switzerland, part of the Düsseldorf-based Schmolz + Bickenbach group, has been signed. The deal is expected to be closed at the beginning of May, with the acquisition effective retrospectively to October 1, 2004. ThyssenKrupp Steel AG has thus completed its portfolio streamlining program and is now focused on flat steel activities in the two business units carbon steel and stainless steel.

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