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Thyssenkrupp board member commits to steel ahead of unit review

Thyssenkrupp board member commits to steel ahead of unit review


News is brought to you by Mr. Shailesh Karia


Published on 1st November, 2019


FRANKFURT (Reuters) - Thyssenkrupp (TKAG.DE) will remain committed to its Steel Europe division, which faces 2,000 layoffs, a board member said on Thursday, just weeks before the conglomerate presents a new strategy for the division.


Steel and materials trading will form the core of Thyssenkrupp after the planned full or partial sale or listing of its prized elevator unit, and divestment of the majority of its car parts, plant engineering and shipbuilding divisions.


“Together with the team at Steel Europe we will build a good future for steel,” Klaus Keysberg, who is in charge of Thyssenkrupp’s steel and materials trading units, said at an event in Dortmund in the Ruhr region, Germany’s industrial heartland. 


Source : https://www.reuters.com//


 





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