Plus   Neg

FT: ThyssenKrupp Steps Up Efforts To Sell Industrial Solutions Unit

According to a report published in Financial Times newspaper, ThyssenKrupp AG (TYEKF.PK) has stepped up its efforts to sell the company's Industrial Solutions business. The state - owned companies from China are among those interested in buying the unit, the report stated.

The company's business operations are organized in five business areas, which include: Automotive Technology; Elevator Technology; Industrial Solutions; Materials Services; and Steel Europe. At the company's Capital Markets Day 2019, thyssenkrupp stated that it is working on all options for elevator business.

The Industrial Solutions business at thyssenkrupp is a partner for the engineering, construction, and service of industrial plants and systems. In addition to chemical, coke, refinery, cement, and other industrial plants, the portfolio includes mining, and ore processing and port handling equipment, along with corresponding services.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Global PC shipments returned to growth in the second quarter of 2020 after seeing a significant decline in the preceding first quarter due to COVID-19 related supply-chain disruptions, according to reports by two research firms. The PC market returned to growth in the quarter as production ramped up and vendors restocked their supplies to near-normal levels. The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global owns the ANNE KLEIN and JOSEPH ABBOUD brands. Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements.
Follow RTT