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| ThyssenKrupp Steel focusing its construction elements group ThyssenKrupp Steel is focusing its construction elements group, which plays a major role in the value chain in the processing of carbon steel flat products, more strongly on the target markets in Western and Eastern Europe. Under the plan, production of steel sandwich panels in Germany will be concentrated at the locations Kreuztal-Eichen in the Siegerland area and Oldenburg in Holstein. They will take over almost all the production volume of the two other plants in Hof and Leipzig, which will be shut down in 2007. The 53 affected employees will be offered new jobs in the construction elements group or the ThyssenKrupp Group, or other socially acceptable solutions. Against a background of difficult market conditions in the construction sector, this plan will further strengthen the competitiveness of the ThyssenKrupp Steel construction elements group, which with 831 employees in Germany, Austria, Belgium and France generated sales of EUR334 million in fiscal 2004/2005. write your comments about the article :: © 2006 Construction News :: home page |