International Steel Mills
September 21, 2017
Thyssenkrupp, Tata Agree to Merge
Written by Sandy Williams
Thyssenkrupp and Tata Steel have signed a preliminary agreement to merge their European steel activities in a 50/50 joint venture. The new entity will be named Thyssenkrupp Tata Steel and will be based in the Netherlands.
The new company will have a workforce of about 48,000 at 34 locations. Major hubs of operations will be in Duisburg, Germany; IJMuiden, the Netherlands; and Port Talbot, Wales. Thyssenkrupp Tata Steel will come in at second place behind ArcelorMittal as the largest steel company in Europe. The partners hope to close the deal in late 2018.
