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

VW signs MoU with Thyssenkrupp Steel for supplying low-carbon steel On October 22, VW announced the signing of a Memorandum of Understanding (MoU) with thyssenkrupp Steel, a unit of thyssenkrupp AG, at the International Suppliers Fair (IZB) in Wolfsburg, Germany. The agreement ensures VW will receive low-carbon steel from Thyssenkrupp's future direct reduction plant, supporting the OEM’s goal of achieving carbon neutrality by 2050.  Thyssenkru...

News  Updated at: 2024/10/23

thyssenkrupp Steel to present solutions at IZB 2024 and EuroBLECH 2024 thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced that it will present products and solutions for automotive industry at the IZB 2024 in Wolfsburg (Germany) from October 22 to 24, together with thyssenkrupp Automotive. The highlights include (i) bluemint Steel, products for CO2-reduced steels, (ii) powercore Traction electrical steel strip developed for ...

News  Updated at: 2024/10/17

thyssenkrupp to shut down powertrain activities in Bremen site, Germany by 2026 thyssenkrupp AG (thyssenkrupp) announced that the Supervisory Board of thyssenkrupp Automation Engineering has decided to phase out the powertrain activities at the Bremen site in Germany by 2026. This decision is due to structural changes in the automotive market, particularly the shift toward e-mobility. In the future, it will focus on the business units and activit...

News  Updated at: 2024/09/27

thyssenkrupp Steel to display latest innovations for e-mobility at Coiltech 2024 in Pordenone, Italy thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced that it will present its latest technologies for e-mobility and energy efficiency, together with thyssenkrupp Electrical Steel, at Coiltech 2024 in Pordenone, Italy, from September 18 to 19. The highlights include non-grain-oriented (NO) and grain-oriented (KO) electrical ste...

News  Updated at: 2024/09/16

thyssenkrupp Automotive Body Solutions announces structural realignment thyssenkrupp AG (thyssenkrupp) has decided on a structural realignment in its Automotive Body Solutions’ project business to improve competitiveness and profitability in a challenging market environment. Market and competitive conditions in the project business, particularly in body-in-white production lines, have once again deteriorated during the last months due to new co...

News  Updated at: 2024/08/01

thyssenkrupp completes sale of 20% share in its steel business to EPCG thyssenkrupp AG (thyssenkrupp) completed the sales of 20% stake in its steel business to the energy company EP Corporate Group (EPCG) on July 31, 2024. EPCG now holds a 20% share in thyssenkrupp's steel business in accordance with the agreement dated April 26, 2024. This is an important step for thyssenkrupp Steel Europe towards a full entrepreneurial independence. Both compan...

News  Updated at: 2024/08/01

nds to create a digital twin of the prototype stator production line for future process and production simulations. HaPiPro2 was a joint project involving PEM and the Digital Additive Production (dap) Chair at RWTH Aachen University, along with partners Ford, ENGIRO, AMS Anlagenbau, Berg & Co., and thyssenkrupp System Engineering. Based on RWTH Aachen University press release...

News  Updated at: 2024/07/15