You are here

Elevator business gives German steelmaker a lift

Thyssenkrupp has poured research into the unit to turn what was a sideline into a primary business
Wednesday, June 21, 2017 - 05:50

BT_20170621_SYBEYOND21_2944624.jpg
The strategy is the industrial giant's bid to survive in an international steel market flooded with cheap imports from Chinese rivals.

Dusseldorf

IT is a mark of the transformation going on at Thyssenkrupp AG that the most profitable operation at Germany's biggest steel company is producing lifts not metal.

The industrial giant, with roots dating to 1811, has poured research into its lift unit to turn what was a

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom