Page 2 - Thyssenkrupp

Thyssenkrupp sells elevator unit for $18.7 bn to Advent-led consortium

Thyssenkrupp said it would reinvest about 1.25 billion euros to take a stake in the unit

Thyssenkrup reports 364 mn euros loss in October-December quarter

On its sales, the company said that even in a difficult economic environment its sales were virtually stable at 9.7 billion euro in the first three months of the current fiscal even.

Crisis-hit Thyssenkrupp mulls sale of elevators units worth 15 billion euro

According to the Financial Times, Thyssenkrupp has attracted at least four bids for its crown jewel, including from Finnish lift maker Kone

Thyssenkrupp to review business plan for steel division in coming weeks

The remarks came as steel workers staged protests at the unit's headquarters in Duisburg in the heart of the Ruhr area, Germany's industrial heartland, asking for job security and future investments

Thyssenkrupp steel unit needs $1.7-bn investment: Works council chief

Thyssenkrupp this month scrapped the industrial group's dividend, warned of deepening losses and asked investors for yet more patience over its turnaround

Thyssenkrupp ploughs deeper into red, investor says fix output or leave it

Thyssenkrupp investors have long criticised the group's negative cash flow, which was -1.14 billion euros last year

Thyssenkrupp ploughs deeper into red in 2018-19; operating profit drops 71%

"The performance of many of our businesses is not satisfying," chief executive Martina Merz said in a statement

Thyssenkrupp to cut 640 jobs in its ailing System Engineering business

System Engineering, which makes assembly lines for the car, aerospace and battery industries

ThyssenKrupp CEO Martina Merz announces sweeping job cuts amid revamp

Thyssenkrupp previously said it would cut 6,000 of the group's 162,000 jobs

ThyssenKrupp aims to double revenue to Rs 4,000-crore in next 5 years

Bhatia said the company was betting big on the growth of capital goods equipment

German steel giant Thyssenkrupp's board recommends sacking CEO

The company said in a statement that its supervisory board executive and personnel committees had recommended 'to start negotiations to end the board mandate of Guido Kerkhoff shortly'

Thyssenkrupp loses blue-chip status as shares sink after Tata deal failure

The historic Essen-based giant's shoes will be filled from September 23 by MTU Aero Engines, which makes components for aircraft motors

Thyssenkrupp moves court over EU's veto against Tata Steel joint venture

The complaint to the General Court of the European Union - seen as a symbolic move - comes after the Commission in June vetoed plans to create Europe's second-biggest steelmaker

ThyssenKrupp appoints Premal Desai as CEO to oversee its biz restructuring

Thyssenkrupp Steel Europe and Tata Steel Europe had signed agreements on June 30, 2018, to create a 50:50 joint venture

Tata-Thyssenkrupp JV plan fails to clear Europe's anti-trust hurdle

Tata Steel said it would now pursue an option that works best for Tata Steel and also ensure that business remained sustainable

ThyssenKrupp plans elevator IPO, abandons idea to split into two

ThyssenKrupp decided on Friday against an earlier plan to spin off the steel operations into a joint venture with Tata Steel after deciding regulators were likely to reject it

Thyssenkrupp says expects EU to block its Tata steel merger plan

"Thyssenkrupp and Tata Steel expect that the planned joint venture of their European steel activities will not go ahead due to the Commission's continuing concerns," the German company said

Thyssenkrupp appoints Manish Mehan as CEO with effect from April 1

Earlier, Mehan held the position of Chief Financial Officer (CFO) in thyssenkrupp Elevator (India) for the last 12 years

ThyssenKrupp, Tata Steel, table 'comprehensive' solutions for JV

Following an agreed extension last month for further negotiations, ThyssenKrupp confirmed it had submitted a "substantial" offer to the European Commission

Vivek Batia appointed as MD, CEO of ThyssenKrupp Industries India

Bhatia was earlier CEO - Asia Pacific at ThyssenKrupp AG