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Thyssenkrupp AG (TKAG.DE)

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Latest Key Developments (Source: Significant Developments)

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

Airbus confirms selling its shares in Atlas Elektronik
Thursday, 12 Jan 2017 06:40am EST 

Airbus : Airbus Defence and Space has entered into an agreement to sell its 49 percent share in Atlas Elektronik Group to ThyssenKrupp AG .Sale of its shares in Atlas Elektronik, a supplier of maritime technology, is part of Airbus Defence and Space’s divestment program to focus on its core business..  Full Article

Thyssenkrupp aims to lower costs at Industrial Solutions
Friday, 9 Dec 2016 03:55am EST 

Thyssenkrupp AG in presentation slides : Says aims to lower costs at industrial solutions by 450 million euros in three years Further company coverage: [TKAG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Thyssenkrupp AG is in talks with Ternium SA to sell steel plant in Brazil - Nikkei
Tuesday, 25 Oct 2016 11:01am EDT 

: German engineering giant Thyssenkrupp AG is in talks with Ternium Sa to sell its large steel plant in Brazil - Nikkei . Thyssenkrupp AG talks with Ternium SA are at an advanced stage, could be concluded by year-end - Nikkei .Ternium would likely want to pay less than the steel plant's current book value of roughly $2.17 billion - Nikkei.  Full Article

Thyssenkrupp: Peter feldhaus new CEO of Thyssenkrupp Marine Systems
Friday, 30 Sep 2016 06:08am EDT 

Thyssenkrupp AG : Thyssenkrupp marine systems restructures leadership team .Peter Feldhaus head of strategy at Thyssenkrupp AG, has been appointed chief executive officer (CEO) of Thyssenkrupp Marine Systems, effective October 1.  Full Article

More From Around the Web


Thyssenkrupp plans steel 500 million euro cost cuts over three years

FRANKFURT/DUESSELDORF German industrial group Thyssenkrupp said on Friday it planned to cut costs by 500 million euros ($531 million) over three years at its steel unit, which it is seeking to merge with Tata Steel's European operations.