thyssenkrupp is integrating its forging activities within its components business area to form one of the world’s biggest forging organizations with sites in North and South America, Europe, India and China. The new business unit thyssenkrupp Forged Technologies will start up at the beginning of the new fiscal year on October 1. The business unit has sales of over EUR 1B and operates over 50 forging presses worldwide. The business of the global company group will be managed from thyssenkrupp’s headquarters in Essen. The product portfolio includes forged and machined components and systems for the automotive and construction machinery sectors and for general mechanical engineering applications.
The new Forged Technologies business unit comprises the previously independent business units forging & machining, which is headquartered in Brazil and produces crankshafts, and undercarriages, which is headquartered in Italy. Both units have been restructured in recent months and prepared intensively for integration. The organizational structure of the new business unit has been streamlined for greater competitiveness.
