core sector communique

ThyssenKrupp mandates Goldman Sachs and Morgan Stanley to examine strategic options for Steel Americas

On May 15, 2012 the Executive Board of ThyssenKrupp AG announced its decision to examine strategic options in all directions for the Steel Americas plants in Brazil and the USA. This may involve a partnership or sale to a best owner whose strategy can better utilize the outstanding quality and fundamental competitiveness of the plants.

To support the examination of the strategic options, the Executive Board of ThyssenKrupp AG has now mandated the banks Goldman Sachs and Morgan Stanley. The strategic review is being carried out with an open mind and in parallel with the further technical and commercial optimization of the plants.

ThyssenKrupp AG decided on an integrated strategic development program to move the Group forward competitively and sustainably back in May 2011. The program encompasses portfolio optimization, change management, and performance enhancement. In connection with the portfolio optimization, transactions have already been completed or signed for over 90% of the sales volume up for disposal.

At ThyssenKrupp 170,000 employees in around 80 countries work with passion and expertise to develop solutions for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2010/2011 ThyssenKrupp generated sales of €49 billion.

For us, innovations and technical progress are key factors in managing global growth and using finite resources in a sustainable way. With our engineering expertise in the areas of "Material", "Mechanical" and "Plant", we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-efficient way.