19 articles
Thyssenkrupp Steel Europe targets tripling core profit to at least €1.2 billion mid-term via job cuts and capacity adjustments, leveraging trade barriers against Asian steel.
The EU will impose provisional import quotas and minimum prices on electrical steel and downstream products starting September 25 to shield domestic producers from cheap Asian imports. Prices range fr
Thyssenkrupp is amending the funding framework for its €3 billion green steel plant in Duisburg following European Commission approval. The change permits continued government support despite the init
Thyssenkrupp shareholders will vote on spinning off its raw materials trading division, tk accelis, which handles steel and alloys globally. The unit targets improved margins and potential acquisition
Low Rhine river water levels due to heat waves are disrupting shipping and increasing costs for German manufacturers like BASF and Thyssenkrupp. This poses risks to industrial output and could contrib
Thyssenkrupp plans to spin off its materials trading division, tk accelis, via a separate listing before year-end. The move values the unit at €3.6 billion as part of the company's restructuring into
thyssenkrupp Uhde secured pre-FEED contracts for two 400,000-ton annual green ammonia projects in Brazil powered by renewable energy. The company will provide integrated engineering including electrol
Germany's Q1 GDP grew 0.3% driven by exports, though energy prices remain high due to Middle East tensions. Major industrial firms like Thyssenkrupp and Siemens adjusted forecasts amidst economic unce
German Economy Minister Reiche visits China with BASF, Thyssenkrupp, and Siemens Energy CEOs to address raw material dependencies and trade ties, highlighting BASF's recent €9 billion Zhanjiang invest
Thyssenkrupp plans a summer shareholder meeting to vote on spinning off its materials trading division MX. The restructuring follows a failed steel sale and aligns with broader industry consolidation
Thyssenkrupp plans to close its Terre Haute, Indiana production site by March next year, consolidating chassis business in Ohio and impacting 320 jobs.
IG Metall union opposes Thyssenkrupp's plan to restructure its Materials Services (MX) division via a KGaA legal form to aid divestment. The unit represents over €11 billion in annual sales and employ
European equities remained flat as investors monitored Middle East negotiations, while auto stocks fell on US tariff threats. Thyssenkrupp paused talks to sell its steel unit to India's Jindal Steel.
Asian stocks rose amid tech gains and geopolitical tensions, with Brent crude climbing over $108. China blocked compliance with US sanctions on Iranian-linked refiners, and Thyssenkrupp paused steel a
Thyssenkrupp paused sale talks with Jindal Steel for its European unit due to changed prerequisites like pension liabilities and energy costs. This restructuring setback occurs as the steel sector fac
Thyssenkrupp Uhde will execute the front-end engineering design for Brunei Fertilizer Industries' ammonia export infrastructure expansion. The scope includes cryogenic storage tanks and jetty interfac
Uniper and Thyssenkrupp have signed an agreement to establish up to 7,200 metric tons per day of ammonia processing capacity across six commercial plants for European hydrogen imports.
Novonesis and Thyssenkrupp have launched a new enzymatic fat-splitting process to support sustainable fatty acid manufacturing in the oleochemical industry, with a pilot plant planned for scalable imp
Thyssenkrupp completed a hydrogen recovery unit for Fertiglobe in Abu Dhabi, increasing ammonia output by 6%.
ChemBrief