Reuters reported that if Germany's ThyssenKrupp fails to find a buyer for its steel assets in the Americas, it would consider the politically unpalatable option of throwing in its European steel operations too. The report cited some banking sources as saying that selling off steel would leave the group focused on its technologies divisions, which make, among other things, industrial plants, elevators and…

Reuters reported that ThyssenKrupp AG plans to sell its Alabama and Brazilian mills separately for at least the book value, which is about USD 8.8 billion combined. The German steelmaker said in May 2012 that it wants to sell its carbon steel operations in Alabama and Brazil, following severe first half losses and years of delays and cost overruns. It has already segregated its stainless steel business,…

Reuters reported that ThyssenKrupp will bring forward construction of a cost saving melt shop plant in the United States to help it compete against rivals. Sources said that construction of the melt shop will be brought forward to enable production in 2013 instead of 2014. It is also considering a major revamp of its weak stainless business. Construction in the United States of the melt shop, which would…

Reuters reported that ThyssenKrupp will implement a re organization by October 2009 in an effort to make it leaner and more responsive. Mr Ekkehard Schulz CEO of ThyssenKrupp said that a more centralized structure will help ThyssenKrupp respond more quickly to the market. He added that he could not rule out forced layoffs and plant closure but declined to elaborate. He said that there would be no forced…

Reuters reported that ThyssenKrupp expects Brazil to grant approval to operate its new plant located in the state of Rio de Janeiro in the Latin American country at full capacity. A spokesman for ThyssenKrupp Steel Europe said on Monday that “We expect to get the approval in the (European) spring this year.” The spokesman said the cap at 70% capacity has not had any negative business impact because the…

Reuters reported that ThyssenKrupp's steel production was down by about a fifth compared with the beginning of this year due to weaker demand but Germany's biggest steelmaker has no plans to idle any blast furnace, a spokesman for the company said. A company spokesman when asked whether lower steel prices and weaker demand would force the company to follow steps undertaken by ArcelorMittal said that “We are…

Extensions to DIHART Reamax® TS plug'n ream Construction kit for reaming The DIHART Reamax® TS tooling system is modular and makes it possible to design tools individually with a high degree of flexibility. With a wider range of coatings and optional KOMET ABS® connection, the high-performance reaming systems can be adapted to applications even more individually. The structure and diameter of the DIHART…

t is reported that Japan’s Toyota Group on Monday has bought a token 1.5% stake valued at INR 19 crore in Tube Investments of India the flagship company of Murugappa Group. In an open market transaction sealed on BSE, Nagoya, Japan, based Toyota Tsusho Corp acquired 2.7 million shares at INR 70.77 apiece. This values TII at over INR 1,300 crore. Elara Capital PLC sold around 2.6 million shares in the market…

Company and Works Council open up excellent prospects for the Mercedes-Benz plant in Bremen through transformation plan Bremen plant to receive two new models Company will hire 500 new employees and increase the number of trainees at the plant Modernization of vocational training in line with the digital transformation Markus Schäfer, Member of the Mercedes-Benz Cars Divisional Board with responsibility for…

3D printing is finding its way into just about every industrial and manufacturing sector, but its introduction in turbomachinery has been relatively slow. Due to the extremely high temperatures, enormous pressures, high rotational speeds and large parts involved, turbomachinery has turned out to be one of the most difficult application fields for 3D printing, also known as additive manufacturing or AM.…