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Thyssenkrupp sells mining business
Fri, 30 Jul 2021 00:00:00 GMT
German industrial group Thyssenkrupp has sold its TK Mining business unit to Danish mining and cement technology provider FLSmidth, Thyssenkrupp said July 29. The closing of the deal, valued at Eur325 million ($386 million), is expected within the next 12 months and is now subject to competition authority approval. The divestment is part of

Floods hit German long products supply chain
Mon, 26 Jul 2021 00:00:00 GMT
The devastation caused by heavy rains along the eastern Ruhr are mainly impairing the supply chain of coil products typical for the region, with thyssenkrupp and at least two Hagen-based cold-rollers declaring force majeure. Hagen is also home to one primary steelworks of special bar qualities maker Deutsche Edelstahlwerke (DEW). The site was massively

Knauf Interfer installs new blanks cutting line
Fri, 21 May 2021 00:00:00 GMT
German steel distribution group Knauf Interfer has commissioned a new cutting line for tailored blanks at its Duisburg site. Its Knauf Interfer Automotive Blanks unit produces engineered semi-finished products for the automotive industry, as well as other industries, at a volume of around 150,000 tonnes/year. They are mainly used to manufacture structural and crash

Fincantieri declined to comment about interest in Thyssenkrupp ...
Fri, 14 May 2021 09:22:06 GMT
MILANO Reuters - Fincantieri General Manager Fabio Gallia declined to comment on Friday about rumours on an interest in acquiring Thyssenkrupp (DE:TKAG) Marine System (TKMS) in partnership

Weak cash flow lays bare Thyssenkrupp's long road to recovery
Tue, 11 May 2021 00:00:00 GMT
By Christoph Steitz and Tom Kckenhoff FRANKFURT Reuters - -Thyssenkrupp's closely watched cash flow plunged deeper into the red in the second quarter, hit by restructuring costs and investments

Thyssenkrupp opens major logistics centre
Fri, 07 May 2021 00:00:00 GMT
Thyssenkrupp Schulte, the German steel distribution unit of thyssenkrupp Materials Services, has started operating a new logistics centre in Rotenburg, Lower Saxony.It has invested around 60 million ($72m) in the new logistics site,Kallanishlearns from the company. This makes it one of the groups biggest projects in recent decades and points the way to the

Thyssenkrupp improves emissions footprint of Dortmund galv line
Fri, 07 May 2021 00:00:00 GMT
Thyssenkrupp Steel Europe will upgrade the combustion system of its hot-dip galvanizing line FBA 8 in Dortmund. The order for delivery, assembly and commissioning of 195 modernised self-recuperative burners has recently been placed with WS Wrmeprozesstechnik. The newly implemented heating system will provide drastically lower emissions,Kallanishlearns from the supplier company. It claims that the

Thyssenkrupp mulls state aid for steel division -Manager Magazin
Fri, 23 Apr 2021 10:22:04 GMT
BERLIN Reuters - Thyssenkrupp (DE:TKAG) is mulling applying for state aid to strengthen its steel unit financially ahead of a spin-off, Manager Magazin reported on Friday. The company has

TK to maintain quality with DRI process; uncertainty lingers ...
Thu, 18 Mar 2021 00:00:00 GMT
German steelmaker Thyssenkrupp will be able to produce the same steel qualities with the companys low-carbon-emission steelmaking processes, but regulatory uncertainty in green steelmaking persists, the company said March 17. Thyssenkrupp published the findings of an external study conducted by RWTH Aachen University on the companys model for integrating the direct reduction process into

EU steel still open for consolidation after ThyssenKrupp-Liberty ...
Fri, 19 Feb 2021 00:00:00 GMT
The European steel industry still has room for consolidation within its ranks, the former director general of European steel distribution association EUROMETAL said Feb 18, a day after ThyssenKrupp said it had pulled out of sales talks for its European steel unit with Liberty Steel. Whatever is the outcome of the ThyssenKrupp deal, the

Thyssenkrupp ends talks with UK's Liberty on steel unit sale
Wed, 17 Feb 2021 00:00:00 GMT
By Christoph Steitz, Tom Kckenhoff and Arno Schuetze FRANKFURT Reuters - German conglomerate Thyssenkrupp (DE:TKAG) said on Wednesday it had ended talks to sell its steel division to

Thyssenkrupp AG Earnings beat, Revenue misses In Q1
Wed, 10 Feb 2021 12:22:05 GMT - Thyssenkrupp AG (DE:TKAG) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. Thyssenkrupp AG announced

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