September 25, 2016 11:06 PM ET

Metals and Mining

Company Overview of thyssenkrupp Steel Europe AG

Company Overview

thyssenkrupp Steel Europe AG engages in the manufacture and supply of steel composite materials worldwide. It provides high-grade flat steel, heavy plates, sheet/coated products, electrical steel, organic coated strips and sheets, tinplates/blackplates, medium-wide strips, and byproducts. The company serves energy, special vehicles, packaging, appliances, automotive/trucks, construction, and machinery and plant engineering industries. thyssenkrupp Steel Europe AG was founded in 1997 and is based in Duisburg, Germany. ThyssenKrupp Steel Europe AG operates as a subsidiary of ThyssenKrupp AG.

Kaiser-Wilhelm-Straße 100

Duisburg,  47166

Germany

Founded in 1997

Phone:

49 203 52 0

Fax:

49 203 52 25 102

Key Executives for thyssenkrupp Steel Europe AG

Chairman of Executive Board, Chief Executive Officer and President
Age: 52
Chief Financial Officer and Member of Executive Board
Age: 47
Chief Human Resources Officer, Labor Director and Member of Management Board
Age: 59
Head of Stainless Division
Age: 51
Head of Communications for Business Area Steel Europe
Compensation as of Fiscal Year 2016.

thyssenkrupp Steel Europe AG Key Developments

JFE Steel Corporation and thyssenkrupp Steel Europe AG to Cross-License Auto Parts Forming Technologies

JFE Steel Corporation announced that it has signed an agreement with thyssenkrupp Steel Europe AG (tkSE) to cross-license advanced forming technologies for automobile steel sheets, including high tensile steel. The two companies will mutually license each other's technologies, including JFE's CP-F(TradeMark) closed-profile forming technology and tkSE's T3 profiling technology, to automakers and auto component suppliers worldwide. T3 stands for thyssenkrupp Tailored Tubes technology.

Xichang Vanadium and Titanium and Thyssenkrupp Steel Europe Announce Ansteel Thyssenkrup (Chongqing) Automotive Steel Project

Ansteel ThyssenKrup (Chongqing) Automotive Steel Project came into production on September 13, 2015. The project has an annual output capacity of 450,000 tons of high-strength galvanized auto steel plates and is expected to achieve an annual output value of CNY 3 billion. The Chongqing project is a joint venture among Xichang Vanadium and Titanium and ThyssenKrupp Steel Europe.

Steel Europe Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015

Steel Europe reported earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company contributed adjusted EBIT of EUR 166 million, the high in 15 quarters. For the nine months, Order intake and sales at EUR 6.5 billion each were 5% and 2% respectively lower than a year earlier against sales of EUR 6.7 billion year ago, on a comparable basis the decreases were 6% and 3% respectively. Measures implemented under the "Best-in-Class Reloaded" program continued to have a significant positive impact on earnings. This includes the substantially reduced losses at Electrical Steel following restructuring measures. Adjusted EBIT was EUR 358 million almost doubled compared with the prior-year period of EUR 185 million.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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