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Thyssenkrupp And Air Products Agree On Strategic Partnership
Thyssenkrupp and E.ON Bring Hydrogen Plants To Electricity Market
Thyssenkrupp puts off plans for new Hungarian plant as pandemic hits economy
thyssenkrupp AG is a Germany-based group of industrial and technology companies. The Company operates in six segments: The Steel Europe segment produces flat carbon steel products; the Materials Services segment is engaged in the global distribution of materials and the provision of technical services for the production and manufacturing sectors; the Plant Technology segment offers engineering and construction services; the Automotive Technology segment offers components for the automotive sector; the Industrial Components segment serves to the wind energy, as well as construction and engineering sectors, and the Marine Systems segment is engaged in civil and naval shipbuilding. The Company operates worldwide.
Misc. Fabricated Products
ThyssenKrupp Allee 1
Independent Chairman of the Supervisory Board
Chairman of the Executive Board, Chief Executive Officer
Vice Chairman of the Supervisory Board
Chief Financial Officer, Member of the Executive Board
Member of the Executive Board, Director of Human Resources and Labor Director
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Thyssenkrupp unveiled plans on Friday to build a factory that will be able to produce carbon neutral steel by using hydrogen generated via renewables instead of coal.
Thyssenkrupp's <TKAG.DE> steel division aims to return to profit in the 2021/22 fiscal year, encouraged by a recent slight recovery after a slump due to the coronavirus pandemic, the head of the division told a newspaper.
Conglomerate Thyssenkrupp <TKAG.DE> on Thursday said its steel unit faced operating losses of 1 billion euros ($1.2 billion) this year, raising pressure on it to fix or sell the division.
Ailing conglomerate Thyssenkrupp <TKAG.DE> on Thursday said it was in talks about additional job cuts as the coronavirus pandemic is hitting its cyclical businesses hard.
Thyssenkrupp <TKAG.DE> said on Friday it had closed the 17.2 billion euro ($20.4 billion) sale of its elevator division to private equity firms, giving the conglomerate a cash lifeline but robbing it of its best asset.
Thyssenkrupp on Friday said it successfully closed the 17.2 billion euro ($20.4 billion) sale of its elevator division, leaving the ailing conglomerate with a cash lifeline but robbing it of its best asset.
Conglomerate Thyssenkrupp <TKAG.DE> must soon find a solution for its struggling steel unit and say how it will spend the 17.2 billion euros ($20.2 billion) in proceeds from the sale of its elevator division, a top-20 investor said.
Thyssenkrupp <TKAG.DE> should stay in the steel industry, its deputy supervisory board chairman said, in a challenge to the broader management view that no option has been ruled out for a division under pressure from weak demand.
Activist fund Cevian, Thyssenkrupp's <TKAG.DE> No.2 shareholder, has identified Swedish steelmaker SSAB <SSABa.ST> as the financially strongest partner for a potential steel tie-up, two people familiar with the matter said.
Thyssenkrupp <TKAG.DE> is seeking new ways to strengthen its balance sheet, including through state aid programmes, after its finances took a hit during the coronavirus crisis, according to a company memo seen by Reuters on Friday.
Germany's second-largest steelmaker Salzgitter <SZGG.DE> sees no benefit from consolidation for now, Chief Executive Heinz Joerg Fuhrmann told shareholders on Wednesday, in a rebuff to its major rival Thyssenkrupp <TKAG.DE>.
Germany's E.ON and Thyssenkrupp will make hydrogen available to the wholesale power market by pooling the output of 150 small electrolysis plants, the companies announced on Tuesday.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
Thyssenkrupp's <TKAG.DE> elevator division is set to launch a multi-billion euro high-yield debt package in the coming weeks to help finance its acquisition by a private equity consortium, four sources close to the matter told Reuters.
Russian steelmaker Severstal <CHMF.MM> has no plans to get involved in industry consolidation in Europe, its finance chief said, effectively narrowing a list of potential partners for Germany's Thyssenkrupp <TKAG.DE>.
Banks are preparing to launch a highly-anticipated €10bn dual-currency loan and bond financing to back a buyout of Thyssenkrupp’s elevators division, pre-sounding investor appetite to optimise the structure and play the markets off each other to achieve best execution.
Germany's RWE plans to produce hydrogen from renewable energy to supply steelmaker Thyssenkrupp, the two companies told Reuters.
A consortium that agreed to buy Thyssenkrupp's <TKAG.DE> elevator division for 17.2 billion euros ($19.25 billion) earlier this year is getting regular requests to sell parts of the business, one of the co-investors said.
A consortium that agreed to buy Thyssenkrupp's elevator division for 17.2 billion euros ($19.25 billion) earlier this year is getting regular requests to sell parts of the business, one of the co-investors said.
Australian graphite explorer EcoGraf Ltd said on Thursday it had signed an agreement to supply graphite products used in making batteries to a unit of German industrial conglomerate Thyssenkrupp AG, sending its shares more than 32% higher in early trade.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.