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Thyssenkrupp AG (TKAG.DE)

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Latest Key Developments (Source: Significant Developments)

Thyssenkrupp CEO says steel cost cuts will continue
Friday, 12 May 2017 09:03am EDT 

May 12 (Reuters) - Thyssenkrupp :CEO says positive trend in industrial solutions orders to continue through year.CEO says close to booking very large order in components in coming months.Says AST performing better but still some way to go, still wants to sell but nothing to report now.CEO says one cost-saving programme will follow the next in steel until overcapacity issue solved.CEO says should have clarity on next steel cost-cutting programme by end of business year.  Full Article

Thyssenkrupp doesn't see UK vote hindering steel merger talks
Friday, 12 May 2017 03:27am EDT 

May 12 (Reuters) - Thyssenkrupp :CFO says full-year net loss will be narrower than first-half net loss.CFO says doesn't expect UK general election to have major impact on Tata Steel <<>> merger talks.CFO says steel job cuts will not be as high as 4,000 feared by unions.  Full Article

Thyssenkrupp sees Q3 adjusted EBIT higher
Friday, 12 May 2017 01:04am EDT 

May 12 (Reuters) - Thyssenkrupp :Sees Q3 adjusted EBIT higher year-on-year.  Full Article

Thyssenkrupp says Industrial Solutions appoints new CEO
Thursday, 4 May 2017 04:38am EDT 

May 4 (Reuters) - Thyssenkrupp AG :Peter Feldhaus, formerly CEO of Marine Systems, will become chief executive officer of the Industrial Solutions division.Stefan Gesing, previously acting spokesman for the Industrial Solutions executive board, is now concentrating on his duties as CFO.The new CEO of Thyssenkrupp Marine Systems will be Rolf Wirtz, currently CEO of Atlas Elektronik.  Full Article

Thyssenkrupp plans closure of two German facilities - works council
Friday, 7 Apr 2017 12:24pm EDT 

Thyssenkrupp steel works council : Says management plans immediate closure of two facilities in germany, with loss of up to 350 jobs . Says management plans further job cuts, for example in logistics and among white-collar workers Further company coverage: [TKAG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Sacyr in consortium to build cement plant in Bolivia for $241 mln
Wednesday, 22 Mar 2017 08:30am EDT 

Sacyr SA : Sacyr Industrial, in consortium, has signed a contract to build a cement plant in Potosi, Bolivia for $241 million . The consortium is composed of Sacyr Industrial, ThyssenKrupp Industrial Solutions and Imasa Ingenieria y Proyectos Further company coverage: [SCYR.MC] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Kongsberg Gruppen establishes JV with thyssenkrupp Marine Systems and Atlas Elektronik
Thursday, 9 Mar 2017 04:00am EST 

Kongsberg Gruppen ASA : Kongsberg, thyssenkrupp Marine Systems and Atlas Elektronik enter into a comprehensive teaming agreement for submarines . Companies join resources and establish joint venture company in Norway .Shares in joint venture will be part-owned by both Norwegian and German partners.  Full Article

Thyssenkrupp says CSA sale won't change credit ratings
Wednesday, 22 Feb 2017 07:00am EST 

Thyssenkrupp : Says CSA sale should support capacity utilisation at Steel Europe . says sale of CSA won't change credit rating situation in short term Further company coverage: [TKAG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Thyssenkrupp agreed with Ternium on sale of CSA steel plant for 1.5 bln euros
Tuesday, 21 Feb 2017 06:20pm EST 

Thyssenkrupp Ag : Company reached agreement with Ternium on sale of CSA steel plant in Brazil for eur 1.5 billion. . With closing of deal co will receive a clear cash inflow which will significantly reduce the group's net financial debt . Sale will have corresponding effects on the group's net income .Does not expect deal to have any impact on adjusted EBIT, free cash flow before m&a targets of continuing operations for current FY 2016/2017.  Full Article

ThyssenKrupp further invests in automotive components business in Hungary
Friday, 3 Feb 2017 05:04am EST 

ThyssenKrupp AG : Investing further in automotive components business in Hungary . New production facility for springs and stabilizers to be built in debrecen at a cost of around 35 million euros ($37.60 million) .Investment will create around 250 new jobs at the site by 2020.  Full Article

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Tata pension deal raises questions for Thyssenkrupp merger

FRANKFURT/LONDON, Germany A Tata Steel deal to separate its 15 billion-pound ($19 billion) UK pension scheme still leaves many questions unanswered for a potential merger with Thyssenkrupp's European steel operations, a source close to Thyssenkrupp said.