Thyssenkrupp

Loss-making Thyssenkrupp Steel plans to reduce workforce by around 40%

The company says urgent measures are required to improve its own productivity and operating efficiency

Thyssenkrupp Steel Europe is now valued at 2.4 billion euros in the group’s books, less than half what it was worth two years ago, as the prospects for Europe’s biggest economy continue to darken.

Thyssenkrupp takes US$1 billion hit on steel unit as outlook darkens

Thyssenkrupp hopes that Czech billionaire Daniel Kretinsky, who already owns 20% of the company, will raise his stake to 50%

The management struggle comes against a background of higher costs and growing imports of cheaper Asian steel, placing the future of Germany’s largest steelmaker further into question.

Thyssenkrupp crisis deepens as heads of steel unit quit

THE crisis at the steel unit of Thyssenkrupp deepened on Thursday as its chief executive and the head of its supervisory board quit over their ongoing conflict with the German conglomerate’s CEO.

Under the agreement, Thyssenkrupp’s Uhde unit, which designs and builds fertiliser, petrochemicals and coking plants, will provide ammonia cracking technology that is already in use in over 130 chemicals plants globally.

Thyssenkrupp, Adnoc sign MoU to cooperate on ammonium cracking plant

THYSSENKRUPP and Abu Dhabi National Oil Co (ADNOC) have signed a memorandum of understanding (MoU) to cooperate on technology that allows the extraction of hydrogen from ammonia on an industrial scale...

Thyssenkrupp and Tata in 2019 had sought to tackle over-capacity and other challenges in the steel industry via the joint venture but the European Commission said the deal could result in price hikes.

Thyssenkrupp, Tata lose fight against EU veto of joint venture

THYSSENKRUPP and Tata Steel have lost their fight against a European Union (EU) antitrust veto of their proposed landmark joint venture, after Europe’s second-highest court rejected their arguments.

Kone makes highest offer for Thyssenkrupp elevators: sources

Kone makes highest offer for Thyssenkrupp elevators: sources

[LONDON] Kone Oyj handed in the highest offer for Thyssenkrupp AG's elevator business, as the Finnish company tries to outbid buyout firms by a wide enough margin to overcome antitrust concerns, peopl...

Brookfield, Temasek still in the running for Thyssenkrupp's 15b euro elevator unit

Brookfield, Temasek still in the running for Thyssenkrupp's 15b euro elevator unit

[LONDON] Embattled steel giant Thyssenkrupp AG has narrowed the list of bidders for its elevator unit, which is expected to fetch more than 15 billion euros (S$22.46 billion), people familiar with the...

Thousands of Thyssenkrupp steelworkers protest against German job cuts

Thousands of Thyssenkrupp steelworkers protest against German job cuts

[FRANKFURT] Thousands of Thyssenkrupp steelworkers in Germany on Tuesday protested against planned job cuts, accusing bosses at the struggling conglomerate of mismanagement after a failed merger bid w...

GIC raises stake in German conglomerate Thyssenkrupp

GIC raises stake in German conglomerate Thyssenkrupp

[FRANKFURT] Singapore's sovereign wealth fund GIC Pte Ltd has increased its stake in ailing German conglomerate Thyssenkrupp, a regulatory filing showed on Friday.

Thyssenkrupp eyeing outgoing Daimler CFO as chairman: sources

Thyssenkrupp eyeing outgoing Daimler CFO as chairman: sources

GERMAN multinational conglomerate Thyssenkrupp will propose Daimler's outgoing chief financial officer Bodo Uebber as a candidate for its supervisory board, with the aim of installing him as chairman,...