Tata and Thyssenkrupp sign MoU

After 18 months of negotiations, Tata Steel and Thyssenkrupp, which has locations throughout Mexico and North and South America, have become partners. The two firms have signed a memorandum of understanding (MoU) to create a 50:50 joint venture based in Amsterdam, Netherlands, called Thyssenkrupp Tata Steel (TTS).

It has been reported that TTS will have an annual steel capacity of 21 million tons, generating sales of EUR €15 billion (USD $17.8 billion) and employing 48,000 people. TTS will focus on three main production hubs: Ijmuiden in the Netherlands, Duisburg in Germany and Port Talbot in South Wales.

Previous articleAcrison enhances Model 905-14 Volumetric Feeder
Next articleTW Series Turbine Flow Meter
Stainless Steel World Americas is part of the KCI Group of Companies. We are a leading knowledge, communication and information company connecting business-to-business professionals by building and sustaining global communities, solving their information needs and helping them to develop their professional life and friendships.