Global Cement
Global Cement Directory
  • Home
  • News
  • Conferences
  • Magazine
  • Awards
  • Photography
  • Knowledge Base
  • My details
  • Advertise
  • About
  • Privacy & Cookie Policy
  • Contact
News Tata Steel and ThyssenKrupp to form joint European steel company

Tata Steel and ThyssenKrupp to form joint European steel company

Written by Global Slag staff
20 September 2017
  • Print
  • Email

Europe: Tata Steel and ThyssenKrupp have signed a Memorandum of Understanding to create a European steel company by merging their flat steel businesses in Europe and including ThyssenKrupp’s steel mill. The proposed 50:50 joint venture will have its headquarters in Amsterdam and will be able to supply around 21Mt/yr of flat steel products.

“The Tata Group and ThyssenKrupp have a strong heritage in the global steel industry and share similar culture and values. This partnership is a momentous occasion for both partners, who will focus on building a strong European steel enterprise. The strategic logic of the proposed joint venture in Europe is based on very strong fundamentals and I am confident that ThyssenKrupp Tata Steel will have a great future,” said N Chandrasekaran, the chairman of Tata Steel.

The merger will create the region’s second largest steel producer after ArcelorMittal. Cost synergies of up to Euro600m/yr are expected through the integration of commercial functions, research and development and other supporting activities. In addition to this, ThyssenKrupp Tata Steel would seek to improve capacity utilisation of the network across the three hubs of Ijmuiden in the Netherlands, Duisburg in Germany and Port Talbot in the UK and their related downstream facilities.

Last modified on 20 September 2017
Published in Global Slag News
Tagged under
  • Europe
  • Tata Steel
  • ThyssenKrupp
  • joint venture
  • Netherlands
  • Germany
  • India
  • steel
  • UK
  • ThyssenKrupp Tata Steel

Related items

  • Border Roads Organisation uses steel slag to construct stretch of road in Arunachal Pradesh
  • Teesside University working on steel slag project with Material Evolution
  • Porr patents slag-based mortar used in Filder Tunnel project
  • Betolar launches Geoprime concrete products in India
  • Australian Steel Mill Services and University of Wollongong investigate steel furnace slag applications
Global Cement Weekly Sign up
Global Slag LinkedIn
acquisition China concrete contract data Ecocem fly ash France government granulated blastfurnace slag grinding plant ground granulated blast furnace slag Harsco Imports India infrastructure Japan mill plant Product Production slag slag cement steel Steel slag sustainability UK Upgrade US World Steel Association
« January 2023 »
Mon Tue Wed Thu Fri Sat Sun
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31          
  • Home
  • News
  • Conferences
  • Magazine
  • Awards
  • Photography
  • Knowledge Base
  • My details
  • Advertise
  • About
  • Privacy & Cookie Policy
  • Contact
  • Magazine >>
  • Latest issue
  • Articles
  • Back issues
  • Links
  • Awards
  • Conferences >>
  • Global Ash
  • Global CemBoards
  • Global CemCCUS
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemQC
  • Global ConChems
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Websites >>
  • Global Cement
  • Global Gypsum
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online

© 2023 Pro Global Media Ltd. All rights reserved