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ThyssenKrupp

Kone ThyssenKrupp Merger: Kone offers $19 billion for Thyssenkrupp's elevator business

Kone ThyssenKrupp Merger: Kone offers $19 billion for Thyssenkrupp's elevator business

Wed, Jan 29, 2020

Kone ThyssenKrupp Merger: Kone has offered about 17 billion euros ($18.9 billion) for Thyssenkrupp`s elevator unit, the highest bid so far, drawing scepticism from one of the German group`s labour bosses who said price alone would not cut it.

We are working on long-term sustainable European operations: Tata Steel CEO & MD TV Narendran

We are working on long-term sustainable European operations: Tata Steel CEO & MD TV Narendran

Tue, May 14, 2019

After the European Commission's move, Tata Steel-Thyssenkrupp JV is out and the Indian steel major is now working on a long-term sustainable European plan as an alternative.

JV failure won’t impact Tata Steel’s India plans: Koushik Chatterjee

JV failure won’t impact Tata Steel’s India plans: Koushik Chatterjee

Tue, May 14, 2019

Tata Steel and Thyssenkrupp said on Friday they have decided against going ahead with their planned joint venture in Europe since it is unlikely to get the European Commission’s regulatory approval.

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Thyssenkrupp rips up failed split plan, to list elevators in fresh revamp

Thyssenkrupp rips up failed split plan, to list elevators in fresh revamp

Fri, May 10, 2019

Under pressure from activist investors, Thyssenkrupp had tried to merge its steel unit with Tata Steel`s European operations, and split the rest of the German conglomerate in two, in an attempt to allow the value of its industrial businesses to shine.

ThyssenKrupp, Tata Steel offer concessions to allay EU concerns

ThyssenKrupp, Tata Steel offer concessions to allay EU concerns

Tue, Apr 02, 2019

Thyssenkrupp and Tata Steel have offered concessions to address EU antitrust concerns about their planned steel joint venture, the European Commission said on Tuesday.

Thyssenkrupp to keep on implementing steel JV with Tata: CEO

Thyssenkrupp to keep on implementing steel JV with Tata: CEO

Thu, Sep 20, 2018

The implementation of the landmark deal, signed in late June, was stalling over the sudden departure of Thyssenkrupp`s CEO Heinrich Hiesinger, the main architect of the transaction: Media reports

After merger with Tata Steel, Thyssenkrupp CEO steps down

After merger with Tata Steel, Thyssenkrupp CEO steps down

Fri, Jul 06, 2018

Heinrich Hiesinger said: "Today I informed the Supervisory Board that I would like to step down from my position as CEO of Thyssenkrupp. I take this step very consciously to enable a fundamental discussion in the Supervisory Board on the future of Thyssenkrupp."

Thyssenkrupp shareholder Cevian calls for further restructuring after steel JV

Thyssenkrupp shareholder Cevian calls for further restructuring after steel JV

Sun, Jul 01, 2018

The joint venture with Tata Steel - to be named Thyssenkrupp Tata Steel - will have around 48,000 workers and about 17 billion euros in sales. Based in the Netherlands, it will be the continent`s second-largest steelmaker after ArcelorMittal. It forms the core of Hiesinger`s plan to turn the steel-to-submarines conglomerate into a technology company.

Thyssenkrupp seals landmark steel venture with Tata Steel

Thyssenkrupp seals landmark steel venture with Tata Steel

Sat, Jun 30, 2018

Thyssenkrupp`s supervisory board on Friday gave the green light for a steel joint venture with Tata Steel , paving the way for the European steel sector`s biggest shake-up in more than a decade

Tata Steel's Dutch deal could threaten Thyssenkrupp venture: Union

Tata Steel's Dutch deal could threaten Thyssenkrupp venture: Union

Thu, Mar 29, 2018

The deal has been criticised by German labour representatives who argue that the Dutch business will dodge responsibility in the new joint venture while the German sites would bear the brunt of the risks. Talks to get the joint venture plan underway have been challenging from the start, with workers at both groups -- with plants in Germany, Britain and the Netherlands -- fighting for deals to protect jobs and sites in the volatile steel sector.

One year of Tata chief Chandra: Group stocks rally up to 200%, add Rs 1.5 lakh cr to m-cap

One year of Tata chief Chandra: Group stocks rally up to 200%, add Rs 1.5 lakh cr to m-cap

Wed, Feb 21, 2018

N Chandrasekaran, fondly called Chandra, has completed a year as chairman of Tata Sons. Stabilisng the turbulance at Tata Group post a chaotic ouster of former chairman Cyrus Mistry, Chandra, the first non-Parsi chairman at Tata, took over the reins last year on February 21.

Thyssenkrupp pledges to review strategy with Tata Steel

Thyssenkrupp pledges to review strategy with Tata Steel

Sat, Jan 20, 2018

It agreed to merge its European steel business with that of Tata Steel in September

Tata Steel, Thyssenkrupp merger to strengthen steel prices to improve volumes

Tata Steel, Thyssenkrupp merger to strengthen steel prices to improve volumes

Fri, Dec 22, 2017

Tata Steel, a part of the illustrious Tata Group, is a leading player in Indian market and its production capacity of 27.5MTPA is spread across 26 countries.

Thyssenkrupp ready to make workers offer for Tata Steel deal

Thyssenkrupp ready to make workers offer for Tata Steel deal

Sun, Dec 10, 2017

Thyssenkrupp is prepared to offer workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, German weekly Bild am Sonntag reported, citing an internal memo.

ThyssenKrupp kicks off talks with union on steel merger

ThyssenKrupp kicks off talks with union on steel merger

Sat, Nov 25, 2017

The de-escalation came after 8,000 steel workers protested on Wednesday, the day the Essen-based company announced improved annual results and a record order book, demanding guarantees to preserve jobs and production sites for 10 years.

ThyssenKrupp lifted by record orders as shifts from steel

ThyssenKrupp lifted by record orders as shifts from steel

Fri, Nov 24, 2017

Thyssenkrupp is in the middle of a major shift under Chief Executive Heinrich Hiesinger towards technology and away from the more volatile steel industry, its traditional mainstay.

Workers at Tata Steel's Dutch arm oppose Thyssenkrupp merger

Workers at Tata Steel's Dutch arm oppose Thyssenkrupp merger

Fri, Oct 20, 2017

The works council of Tata Steel Netherlands said on Friday it opposed preliminary plans by Tata Steel and Thyssenkrupp to combine their European steelmaking operations into a joint venture (JV) and would fight to block it if necessary.

Thyssenkrupp to raise capital ahead of Tata deal

Thyssenkrupp to raise capital ahead of Tata deal

Tue, Sep 26, 2017

The two firms agreed last week to combine their European steel operations in a move to create the continent`s second-largest steelmaker with revenues of about 15 billion euros ($18 billion).

Face of Tata group to change in next decade, Ratan Tata says

Face of Tata group to change in next decade, Ratan Tata says

Thu, Sep 21, 2017

Hinting at consolidation and possible divestments of certain businesses which once defined the group, Tata said the conglomerate may look very different in the next decade, although the 150-year-old group will always strive to retain its culture.

Thyssenkrupp steelworkers protest against Tata merger plan

Thyssenkrupp steelworkers protest against Tata merger plan

Thu, May 04, 2017

Thousands of Thyssenkrupp steelworkers protested on Wednesday against the German industrial group`s plan to merge its European steel operations with those of India`s Tata Steel.

Tata Steel, Thyssenkrupp merger talks face extensive delays

Tata Steel, Thyssenkrupp merger talks face extensive delays

Sat, Feb 11, 2017

Tata and Thyssenkrupp shares have firmed on hopes a merger would trigger European steel capacity cuts. Tata Steel UK, Britain`s top steelmaker, is seeking regulatory approval to spin off its 15 billion pound scheme into a standalone entity because Thyssenkrupp will not take on its pension liabilities in a tie-up.

Tata Steel UK's pensions trustee warns deficit to surge

Tata Steel UK's pensions trustee warns deficit to surge

Fri, Jan 27, 2017

Tata Steel's UK steel unit pension scheme deficit is set to ballon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain`s largest steelmaker believes it could face insolvency unless a way can be found to tackle it.

Tata Steel, Thyssenkrupp looking at reducing Port Talbot's capacity

Tata Steel, Thyssenkrupp looking at reducing Port Talbot's capacity

Tue, Nov 29, 2016

Tata Steel and Thyssenkrupp are looking at reducing the size of Britain`s largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry.

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