Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Tata Steel Limited    TATASTEEL   INE081A01012

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Tata Steel : Thyssenkrupp creates new business unit for forging activities

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/04/2017 | 10:10am CEST
Thyssenkrupp's logo is seen close to the elevator test tower in Rottweil

German engineering and steel group Thyssenkrupp (>> ThyssenKrupp) has created a new unit for its global forging activities in a bid to cater to new industries and cut reliance on combustion engine parts, which still account for a large part of its business.

German engineering and steel group Thyssenkrupp (>> ThyssenKrupp) has created a new unit for its global forging activities in a bid to cater to new industries and cut reliance on combustion engine parts, which still account for a large part of its business.

The unit, forged technologies, was formed Oct. 1, the start of Thyssenkrupp's fiscal year, and has about 7,000 employees and sales of more than 1 billion euros ($1.2 billion), with 18 production sites and distribution in more than 70 countries.

It is attached to Thyssenkrupp's components business division and will be managed from the group's headquarters in Essen.

"Central management of our worldwide production network will enable us to use our facilities more efficiently and align them even more closely to customer requirements," said Karsten Kroos, head of Thyssenkrupp's components business.

"In the future we want to reduce our dependency on previous applications such as the traditional internal combustion engine, for which we still produce a large part of our forged components," Kroos said.

The car industry accounts for a quarter of Thyssenkrupp's sales, making it the group's biggest customer group, but a shift toward battery-powered engines means some parts supplied by Thyssenkrupp may not be needed in the future.

The new unit is a combination of two previously independent units: Brazil-based forging & machining, which makes crankshafts; and undercarriages, which is based in Italy, the group said, adding both had been restructured in recent months.

Thyssenkrupp, which last month announced plans to merge its European steel unit with Tata Steel's (>> Tata Steel Limited), now wants to expand its product portfolio, singling out raw materials mining, energy generation and mobility as potential target sectors.

Its European steel business, which supplies half of its annual production, or about 6 million tonnes, to the auto industry and its supply chain, expects a boost from the auto industry's shift toward electric vehicles.

(Reporting by Christoph Steitz, editing by David Evans)

Stocks treated in this article : ThyssenKrupp, Tata Steel Limited
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TATA STEEL LIMITED
06:47p TATA STEEL : Workers at Tata Steel's Dutch arm oppose Thyssenkrupp merger
10/19 TATA STEEL : conferred the 'Steel industry website of the year' award by World S..
10/19 TATA STEEL : How Tata Steel swerved £125m pension pledge
10/18 TATA STEEL : Conferred 'Steel Industry Website of Year' Award by World Steel Ass..
10/17 TATA STEEL : conferred the ‘Steel industry website of the year’ awar..
10/17 TATA STEEL : OMQ Division Organises Week-Long Campaign to Increase Awareness on ..
10/17 TATA STEEL : Thyssenkrupp plans
10/16 Tata Steel, Thyssenkrupp will not spin off joint venture in next 2-3 years
10/16 TATA STEEL : Certificate under Regulation 61 of LODR for September 30, 2017
10/16 TATA STEEL : Targets 20% women in workforce by 2020
More news
Financials ( INR)
Sales 2018 1 257 B
EBIT 2018 140 B
Net income 2018 52 961 M
Debt 2018 739 B
Yield 2018 1,26%
P/E ratio 2018 13,00
P/E ratio 2019 10,29
EV / Sales 2018 1,13x
EV / Sales 2019 1,08x
Capitalization 685 B
Chart TATA STEEL LIMITED
Duration : Period :
Tata Steel Limited Technical Analysis Chart | TATASTEEL | INE081A01012 | 4-Traders
Technical analysis trends TATA STEEL LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 720  INR
Spread / Average Target 2,1%
EPS Revisions
Managers
NameTitle
Natarajan Chandrasekaran Chairman
Koushik Chatterjee Chief Financial Officer & Group Executive Director
Shreekant Mokashi Chief-Group Information Services
Ashok Kumar Chief Technology Officer-Process
Vinay V. Mahashabde Chief Technical Officer-Flat Products
Sector and Competitors
1st jan.Capitalization (M$)
TATA STEEL LIMITED81.42%10 596
ARCELORMITTAL16.09%29 380
POSCO--.--%25 867
NIPPON STEEL & SUMITOMO METAL CORP2.53%22 098
FOSUN INTERNATIONAL LIMITED71.35%20 560
NUCOR CORPORATION-1.51%18 297