Skip to main content

Tata Steel and ThyssenKrupp Abandoned the Steel Merger in Europe

Tata Steel and ThyssenKrupp Abandoned the Steel Merger in Europe

Tata Steel and ThyssenKrupp have abandoned plans to merge their European steel operations as they are expected to be blocked by the European Commission. Glory Steel could offer CK45 square steel bar for Thyssen Krupp elevator.
Although the joint venture plan ended without results, Tata Steel said that the proposed joint venture was an important strategic move of the company to create a sustainable investment portfolio to help it divest its European operations while completing its assets and de-leveraging of the balance sheet. Tata Steel will continue to adhere to this strategic direction and will continue to explore other strategic ways to achieve this strategic goal in the future.
ThyssenKrupp CEO Guido Kerkhoff said that after abandoning the merger with India’s Tata Steel, ThyssenKrupp will continue to find new partners for its steel business.
After declaring abandonment of the merger plan last Friday, Kerkhoff decided to transform the company into a holding company and consider splitting its profitable elevator business separately. He has reached an agreement with the union on this new program, according to the new strategy, the company is expected to lay off 6,000 people, accounting for about 4% of the total number of ThyssenKrupp employees.

Comments

Post a Comment

Popular posts from this blog

Study on Cooling Method of SUP9 Spring Flat Steel

Study on Cooling Method of SUP9 Spring Flat Steel Hot rolled spring flat steel bar is mainly used for the automotive industry, and it’s the raw material for automobile leaf spring  manufacturing. The main varieties of spring steel include 60Si2Mn spring steel,  SUP9 spring steel flat bar , 55SiMnVB spring steel. SUP9 spring steel flat bar is produced in accordance with the Japanese standard. At present, many leaf spring manufacturers mostly use SUP9 spring steel as the raw material for manufacturing automotive leaf springs. Compared with 60Si2Mn, SUP9 spring steel has good hardenability and low decarburization tendency, so the mechanical properties and fatigue properties of the leaf springs produced with SUP9 spring steel are better than that of 60Si2Mn steel. However, due to the good hardenability of  SUP9 steel , the hardness is often too high during actual rolling production and cooling. The reheating, quenching and tempering treatment are carried out in...
Post a Comment
Read more

Welded Stud Crane Rail Clip supplier from China

  Welded Stud Crane Rail Clip supplier from China Welded Stud Crane Rail Clip are also called weldable clips. Gloryrail is a crane rail clips supplier from China, we could offer two types of crane rail clips, namely bolted clips and welded rail clips. Welded crane rail clips, mainly refer to the crane rail, The base is welded to the steel plate, and the rail is adjusted and pressed by the upper cover to fix the rail. Welded crane rail clips are mainly divided into single bolts and double bolts, which are suitable for rails with different load forces. We can recommend verified rail clamps and related accessories for you according to your needs.
Post a Comment
Read more

Development of A32 and A36 High Strength Shipbuilding Steel Plates

Development of A32 and A36 High Strength Shipbuilding Steel Plates Since the 1990s, China’s  shipbuilding steel plates  industry has entered the international market on a large scale, and the shipbuilding steel plates industry has gradually become one of the pillar industries in China. With the development of shipbuilding steel plates in the direction of large-scale and light-weight, the general strength ship plates can no longer meet the needs of the hull, and the proportion of high-strength ship plates will continue to increase. Therefore, the development of high-strength shipbuilding plates has broad market prospects. Structural steel for hull can be divided into general strength steel and high strength steel. A32 and A36 are one type of structural steel for high strength hull. With the development of the shipbuilding industry, the requirements for materials are becoming more and more demanding. At present, in the factory approval, besides the certification of the ...
Post a Comment
Read more