• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

ThyssenKrupp close to finalize auto divestments

  • A
  • A
  • A
Reportedly ThyssenKrupp is close to sell its business units in the automotive sector after selling its stainless steel business.

It’s known that the three units for sales including springs and stabilizers business, iron-casting unit Waupaca and the Tailored Blanks unit generated annual revenue of €2.5 billion.

A person close to transaction said ThyssenKrupp is set to sell the springs and stabilizers business to Italy’s Sogefi for €100 million ~ €200 million. Waupaca the iron-casting unit appears to have preferred buyer and the deal of Tailored Blanks unit might be affected by the recent political crisis in China
News Date 20 Apr 2012 11:20:08 reported by Kate Hsieh

Taiwan’s CSC post 614% jump in H1 pre-tax income...
Finance and economy
21 Feb 2017 10:05
Bluescope Steel announces its profits rise signifi...
Finance and economy
20 Feb 2017 11:12
ArcelorMittal’s South American company to improve ...
Finance and economy
17 Feb 2017 12:04
Hyundai Steel announces its 2016 net profits up ...
Finance and economy
15 Feb 2017 11:57
Chinese steel exports hit a record low in Jan 2017...
Finance and economy
13 Feb 2017 14:42
Most Popular