• 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

Tata Steel Thai Unit faces net loss ...
Finance and economy
26 Feb 2015 11:20
LKAB sees 2014 net profit plunge ...
Finance and economy
24 Feb 2015 10:25
SAIL's net profit up by 9%...
Finance and economy
24 Feb 2015 10:17
Outokumpu reports $439 million net loss in 2014...
Finance and economy
24 Feb 2015 10:09
Spain’s Tubacex to acquire stake in India’s Prakas...
Finance and economy
24 Feb 2015 09:55
Most Popular