the Largest steel producer in Germany, Thyssenkrupp will remain loyal to its Steel Europe division, which threatened 2,000 redundancies, said a member of the Board of Directors Klaus Geisberg in charge of the division on trade in steel. These words he uttered just a few weeks before the German industrial conglomerate will unveil a new strategy of development.
Trade of steel and materials will become the core of Thyssenkrupp after a scheduled full or partial sale of units for the production of elevators, automotive parts, plant engineering and shipbuilding.
"Together with the team at Steel Europe, we will create a great future for the steel industry," said Klaus Kasberg at the opening of a new production site in Dortmund in the Ruhr area, the industrial heart of Germany. "New steel strategy, which we will introduce in the near future, also will give a clear signal to this region, where we operate more than 200 years: the steel remains", - he said.
due to the four warnings of losses and two failed attempts at restructuring Thyssenkrupp forced to consolidate the funds from the sale of elevators and to submit to the shareholders a compelling story to justify the existence of the rest of the business.
"It's true that times are tough, and we readily admit it: our own results, which are inadequate in parts, and the weakening economy in important markets contribute to this," said Kasberg, joined the Board of Directors on 1 October.
the Dortmund Plant will produce more than 50,000 tons of hot-dip galvanized steel (galvanized steel) for the automotive industry and will create 100 new jobs, which will require total investment of around 250 million euros (278 million U.S. dollars).
