thyssenkrupp Steel launches new high-tech, EUR 800 million facilities at Duisburg site in Germany thyssenkrupp AG (thyssenkrupp)’s subsidiary, thyssenkrupp Steel Europe AG, has launched its new high-tech facilities at the Duisburg location in Germany, following around two years of construction and assembly work. With an investment of around EUR 800 million, the facilities focus on producing stronger, thinner premium steels for sectors such as e...

News  Updated at: 2025/07/07

thyssenkrupp upgrades walking beam furnace system at Hohenlimburg plant in Germany thyssenkrupp AG (thyssenkrupp)’s subsidiary, thyssenkrupp Hohenlimburg, has invested a low double-digit million-euro amount to modernize Walking Beam Furnace 3 (HBO 3) at its site in Germany. The modernization ensures compliance with future environmental and safety regulations, reduces energy consumption, enables hydrogen operation, and marks a significant step t...

News  Updated at: 2025/07/01

LTTS, India and thyssenkrupp Steering business to establish global software hub in Pune, India On June 30, thyssenkrupp Steering and L&T Technology Services (LTTS) announced a strategic agreement to establish a software development center in Pune, India. LTTS will establish and manage the software hub in Pune on behalf of thyssenkrupp Steering. The new center highlights LTTS’ expertise in its Mobility segment, dedicated to developing safety-cri...

News  Updated at: 2025/06/30

thyssenkrupp to realign Automotive Technology segment for capital market readiness thyssenkrupp AG (thyssenkrupp) announced the realignment of its Automotive Technology segment into 4 business units, effective October 1, 2025. The restructuring is aimed at driving profitable growth, increasing efficiency, and positioning the segment for capital market readiness in the coming years. It will consolidate the segment’s activities into 4 business un...

News  Updated at: 2025/06/25

thyssenkrupp Steel launches ramp-up of new continuous casting line 4 at Bruckhausen site in Duisburg, Germany thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, has successfully started trial operation and cast the first slabs on the new continuous casting line 4 (SGA 4) at its Bruckhausen site in Duisburg, Germany. This move is an important step toward fully operating the new plant complex in the coming weeks. This includes a new ful...

News  Updated at: 2025/06/09

thyssenkrupp Steel to present CO2-reduced innovations for mobility at CWIEME 2025 On June 2, thyssenkrupp Steel announced that it will present solutions for the energy and mobility transition under the powercore brand at this year's CWIEME Berlin. With bluemint powercore, it offers an electrical steel that impresses with a CO2 intensity reduction of up to 50% in production. It also presents the application of bluemint GOES steel in axial flux mot...

News  Updated at: 2025/06/03

thyssenkrupp to become strategic holding company with independent business segments thyssenkrupp AG (thyssenkrupp) has announced its plans to transform into a strategic holding company. The Executive Board is currently developing a strategic realignment of the Group’s future and will present these plans to the Supervisory Board before the end of this fiscal year, which concludes on September 30, 2025. As part of these plans, the company will gr...

News  Updated at: 2025/05/27

thyssenkrupp Steel and IG Metall reach agreement in principle on future industrial concept thyssenkrupp Steel Europe AG and the IG Metall union have reached an agreement in principle for the upcoming restructuring of the company. The further negotiating process should lead to a collective-bargaining agreement by summer 2025. The agreement builds on the industrial concept presented in November 2024 to make thyssenkrupp Steel independent, competiti...

News  Updated at: 2025/05/15

thyssenkrupp’s Springs and Stabilizers unit to close production site in Hagen, Germany thyssenkrupp AG (thyssenkrupp)’s management of the Springs and Stabilizers business unit has decided to phase out production at the Hagen site in Germany and close the Competence Center there. This move will affect around 300 jobs, which will be cut over the next two years. The business unit's headquarters will be gradually downsized, allowing 30 to 40 jobs...

News  Updated at: 2025/05/08

te Detroit on May 12. The landmark integration with FANUC robots is the first solution of its kind on the market using FANUC’s robots and Inbolt’s intelligence layer and real-time vision.  General Motors is the first to adopt this new integration, while Stellantis, Ford, Toyota, Whirlpool, and ThyssenKrupp Automotive use Inbolt’s technology across various applications. Inbolt and FANUC will exhibit their technologies at Automate Detroit on...

News  Updated at: 2025/05/07

thyssenkrupp Bilstein - Baolong Automotive partner on integrated suspension solutions for global auto OEMs thyssenkrupp Bilstein, a subsidiary of thyssenkrupp AG, has entered a strategic cooperation with Shanghai Baolong Automotive Corporation (Baolong Automotive) to offer a one-stop-shop solution for shock absorbers and air springs for global automotive OEMs. The partnership aims to increase customer value by reducing costs, lowering interfaces,...

News  Updated at: 2025/04/28

thyssenkrupp Steel, Germany terminates supply contract with HKM On April 4, thyssenkrupp Steel Europe AG announced the termination of the supply contract with Hüttenwerke Krupp Mannesmann (HKM). As a result of the planned termination, thyssenkrupp Steel Europe's obligation to purchase around 2.5 million metric tons of steel per year will expire on December 31, 2032, at the latest.  The termination of the supply contract will initially have no d...

News  Updated at: 2025/04/07

Coiltech 2025: thyssenkrupp Steel and RWTH Aachen University present CO2-reduced powercore traction in rotor technology demonstrator thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced that its CO2-reduced bluemint high-performance electrical steel, powercore traction NGO 025-125Y420, was integrated into a new type of rotor technology demonstrator. The rotor demonstrator was developed and built as part of a consortium study b...

News  Updated at: 2025/03/26

e industry. The new aluminum coil material is suitable for car body outer skin applications, meeting requirements for surface quality and formability. The scrap used to produce the aluminum coil was sourced through the Automotive Circularity Platform (ACP), a program Novelis initiated together with thyssenkrupp Material Services. ACP aims to simplify access to high-quality end-of-life material for recycling by digitalizing the market for secondar...

News  Updated at: 2025/03/15

thyssenkrupp to cut 1,800 jobs amid ongoing challenging market conditions thyssenkrupp AG (thyssenkrupp)’s Automotive Technology segment announced additional cost-cutting measures in response to ongoing challenging market conditions in the global automotive industry. The goal is to achieve a global cost reduction of over EUR 150 million, resulting in around 1,800 job cuts. The measures include reducing investments, optimizing inventory manageme...

News  Updated at: 2025/03/07

JFE Steel jointly acquires Indian electrical steel sheet manufacturer JFE Steel Corporation (JFE Steel) announced on January 31 that it acquired thyssenkrupp Electrical Steel India Private Limited (TEI), an Indian electrical steel sheet manufacturing and sales subsidiary of German-based thyssenkrupp AG, jointly with JSW Steel Limited (JSW), a leading steelmaker in India. The acquisition cost was Indian rupee (INR) 40.5 billion (JPY 71 billion). ...

News  Updated at: 2025/02/04

thyssenkrupp completes sale of its electrical steel business in India thyssenkrupp AG (thyssenkrupp) has completed the sale of thyssenkrupp Electrical Steel India Private Ltd. for approximately EUR 440 million. The buyer is a joint venture between (i) JSW Steel Ltd, India's largest steelmaker and part of the JSW Group, and (ii) JFE Steel Corp., Japan's second-largest steelmaker. The Nashik-based company, which was formerly a subsidiary of thyssen...

News  Updated at: 2025/01/31

thyssenkrupp starts new annealing and isolating line at Bochum site in Germany for e-mobility thyssenkrupp AG (thyssenkrupp) announced that thyssenkrupp Steel has started the operation of the new annealing and isolating line for e-mobility at the Bochum site in Germany. The new EUR 150 million line enables the plant to produce up to 0.2 mm thin electrical sheets with homogeneous mechanical and magnetic properties for efficient motors and generato...

News  Updated at: 2025/01/27

thyssenkrupp Steel plans to cut around 5,000 jobs by 2030 thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced a plan to cut around 5,000 jobs by 2030 through adjustments in production and administration. Meanwhile, an additional 6,000 jobs will be transferred to external service providers or eliminated through the sale of business activities. This plan is a part of the company's future industrial strategy in response to struc...

News  Updated at: 2024/11/26

thyssenkrupp presents electric refrigeration compressor with natural refrigerant R744 at IZB, Germany On October 23, thyssenkrupp Automotive Technology announced that it is presenting the latest innovations and developments for the automotive industry together with thyssenkrupp Steel at International Suppliers Fair (IZB) in Wolfsburg. It will premier an electric refrigerant compressor specially developed by thyssenkrupp Dynamic Components for R74...

News  Updated at: 2024/10/23