Further step in ThyssenKrupp's strategic development program: ThyssenKrupp sells Tailored Blanks to Wuhan Iron and Steel Corporation (WISCO)
ThyssenKrupp
AG has signed an agreement with Wuhan Iron and Steel Corporation (WISCO) for the
sale of for its subsidiary ThyssenKrupp Tailored Blanks, which produces tailored
steel blanks for the auto industry. The parties have agreed not to disclose the
purchase price. The sale is subject to approval by the supervisory bodies and
the responsible regulatory authorities. It is a further step in the optimization
of the portfolio, which the Group announced on May 13, 2011 in connection with
its strategic development program. As part of the portfolio optimization, the
Group is divesting businesses for which there are stronger alternative strategic
options. ThyssenKrupp is proceeding fully according to plan, and sale agreements
have already been signed or closed for around 95% of the business activities up
for disposal.
ThyssenKrupp Tailored Blanks is an important supplier of
body systems to the auto industry. Tailored products are made of individual
sheets of different steel grade, thickness or finish, joined together by laser
welding. The blanks are designed from the outset to meet the stresses in the
parts in which they will be used. This results in significant weight and cost
savings, for example in the production of body parts.
Headquartered in
Duisburg/Germany, the global ThyssenKrupp Tailored Blanks group has been
producing tailored blanks since 1985 and is the leading supplier in this segment
with a roughly 40 percent global market share. The company has 13 plants in
Germany, Sweden, Italy, Turkey, the USA, Mexico and China. It employs around 950
people and last year produced some 58 million parts for automotive OEMs. Sales
in the 2010/2011 fiscal year were approximately €700 million.
Wuhan Iron
and Steel Corporation (WISCO) started production in 1958, making it one of
China's longest-standing steel producers. The internationally successful and
fast-growing group headquartered in Wuhan has more than 80,000 employees and a
capacity of around 40 million tons. In 2011, WISCO achieved a turnover of around
€26 billion, produced nearly 34 million tons and was China's fourth biggest
steel producer. It has subsidiaries and sales offices in over ten countries, and
is ranked 321 in the Fortune 500 ranking in 2012.
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.
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