thyssenkrupp AG

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thyssenkrupp AG is an international industrial and technology company, which engages in the development and production of technology-based solutions for customer and market requirements. It operates through the following segments: Automotive Technology, Decarbon Technologies, Material Services, Steel Europe, and Marine Systems. The Automotive Technology segment supplies components and systems for the automotive industry. The Decarbon Technologies segment includes components used in solar and wind turbines, stake in the hydrogen electrolysis business, technologies for ammonia cracking, and utilization of green chemicals, as well as technologies for the green transformation of the cement industry. The Material Services segment distributes a portfolio ranging from materials and raw materials to technical services and processes in Europe and North America. The Steel Europe segment is involved in the flat carbon steel activities such as materials solutions and finished parts. The Marine System segment manufactures conventional submarines, naval vessels, and marine electronics. The company was founded on March 17, 1999 and is headquartered in Essen, Germany.

Thyssenkrupp has received bids from at least three major bidding groups for a majority stake in Thyssenkrupp's  elevator business, four people familiar with the matter said.

Thyssenkrupp's elevator business gets at least 3 bidders: sources

Thyssenkrupp  will receive first bids for its elevator division this week, three people familiar with the matter said, as major stakeholders differ over whether the conglomerate should sell a majority stake in its most profitable asset.

Thyssenkrupp poised to get elevator bids this week: sources

Thyssenkrupp  plans to invest 250 million euros ($279 million) at its unit that builds submarines and warships, the German industrial conglomerate said on Monday.

Thyssenkrupp to invest $279 million at shipbuilding division

Thyssenkrupp  will remain committed to its Steel Europe division, which faces 2,000 layoffs, a board member said on Thursday, just weeks before the conglomerate presents a new strategy for the division.

Thyssenkrupp board member commits to steel ahead of unit review

Top representatives at IG Metall, Germany's biggest union, will not approve a sale of Thyssenkrupp's  prized elevator division unless potential buyers give far-reaching concessions to employees, they said.

Leading union demands concessions in Thyssenkrupp elevator sale

New Thyssenkrupp  chief executive Martina Merz on Wednesday paved the way for deeper job cuts at the ailing conglomerate, telling employees in an internal memo such a step was necessary for a much-needed turnaround.

New Thyssenkrupp CEO prepares ground for major job cuts

Thyssenkrupp  will weed out some potential suitors for its elevator unit within the next two weeks, two people familiar with the matter said, as the closely-watched auction gathers pace regardless of the planned ousting of CEO Guido Kerkhoff.

Thyssenkrupp proceeds with elevator sale after CEO switch: sources

Thyssenkrupp  said it was preparing to replace Chief Executive Guido Kerkhoff, making him the latest casualty at the German steel-to-submarines conglomerate which has been in crisis mode for more than a year.

Thyssenkrupp faces more turmoil as CEO Kerkhoff set to leave

Thyssenkrupp  is preparing to replace its chief executive Guido Kerkhoff, whose brief tenure at the German submarines-to-car-parts group included four profit warnings and two failed restructuring efforts.

Thyssenkrupp plunged into turmoil as CEO Kerkhoff set to leave

Swedish fund Cevian Capital, Thyssenkrupp's  second-biggest shareholder, on Wednesday said it fully supported the appointment of Martina Merz as new chief executive of the German industrial conglomerate.

Top shareholder Cevian backs new Thyssenkrupp CEO Merz

Finland's Kone  is open to a co-shareholding structure in a potential deal to merge with Thyssenkrupp's  elevator division, its chief executive told Bloomberg News.

Kone open to co-shareholding with Thyssenkrupp in elevator deal: Bloomberg

By Edward Taylor, Christoph Steitz, Tom Käckenhoff and Arno Schuetze

Kone explores partnership to bid for Thyssenkrupp elevator business: sources

Thyssenkrupp  CEO Guido Kerkhoff has little choice but to sell the group's prized elevator division lock, stock and barrel so he can save the conglomerate's remaining businesses, four sources close to the German company said.

Thyssenkrupp CEO's last roll of the dice: sell the family silver

Thyssenkrupp  is in talks with Kloeckner & Co  over future cooperation in materials trading, but is not exploring a near-term takeover of the metals firm, three people familiar with the matter said.

Thyssenkrupp, Kloeckner in talks over co-operation in materials trading: sources

German industrial group Thyssenkrupp is in talks to buy metals trader Kloeckner & Co  in a move to strengthen its steel business, Handelsblatt reported on Thursday citing sources familiar with the matter.

Thyssenkrupp in talks to buy steel trader Kloeckner: Handelsblatt

L. B. Foster

Capacity utilization, a key metric in the steel industry, remained below the important 80% level for the second straight week.

U.S. Raw Steel Output Ticks Down, Capacity Remains Below 80%

Thyssenkrupp  on Monday said it was sticking to plans to float its elevator business after a media report said the conglomerate was planning to start talks in autumn on selling the unit.

Thyssenkrupp says it still wants to float its elevators unit

Thyssenkrupp shares extended their losses on Monday and fell to their lowest levels in almost 16 years.

Thyssenkrupp shares fall near 16-year low

When Thyssenkrupp CEO Guido Kerkhoff announced plans to list its prized elevators unit last week, he set off a battle for the conglomerate’s future that could test Germany’s brand of “social market” capitalism.

Turmoil at Thyssenkrupp marks battle for Germany's economic identity

Thyssenkrupp will still seek partners for its steel operations after abandoning a European merger with India's Tata Steel, Chief Executive Guido Kerkhoff said in comments published on Sunday.

Germany's Thyssenkrupp to seek new steel partners, CEO tells paper

Management and labor leaders at Germany's Thyssenkrupp have agreed on a way forward after the industrial conglomerate announced a fresh restructuring drive that could lead to the loss of 6,000 jobs.

Germany's Thyssenkrupp agrees restructuring approach with labor leaders

Germany's Thyssenkrupp will embark on a fresh restructuring and list elevators, its most successful business, after regulatory opposition sunk plans to hive off its steel division, unravelling its previous break-up proposal.

Ailing Thyssenkrupp drops split plan in favour of elevators float

Thyssenkrupp shares leapt 20 percent on Friday as investors rushed to cover bearish bets after the conglomerate announced plans to list its best business, a move long hoped-for by investors.

News for thyssenkrupp AG Stock (TKAMY)