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| ThyssenKrupp relocates entire production capacity of Turin to Terni ThyssenKrupp Acciai Speciali Terni, Italy’s only manufacturer of stainless steel flat products, is taking the next steps to strengthen its competitiveness. An extensive program of measures will expand the capacity of the plant in Terni in the medium term and bring it to a standard comparable with the best of its competitors. The company is now step-by-step relocating the entire production capacity of Turin to Terni. The narrowly 400 employees in Turin will be offered jobs within the company. Older employees will also have the opportunity to take early retirement. The Turin site has significant disadvantages in terms of logistics, energy costs, infrastructure and environmental requirements. The high cost of transporting coils between the Terni and Turin sites is a particular disadvantage for ThyssenKrupp Acciai Speciali Terni compared with its competitors. After the phasing-out of production, the equipment in Turin will be completely dismantled and some items will be relocated to Terni. According to current plans, the closure of the site will be completed by the end of fiscal 2007/08. All employees will be offered a job within the AST group. write your comments about the article :: © 2007 Construction News :: home page |