FILE PHOTO: A coffee mug with the logo of German steel maker ThyssenKrupp is pictured during a break at the steel coils storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, January 30, 2020. REUTERS/Wolfgang Rattay
“Our goal is to find a solution for all our businesses within the next two years,” said Dinstuhl, the first time Thyssenkrupp has outlined a timeline for restructuring. That disposal gives Thyssenkrupp the financial strength to stem potential writedowns on other assets it has up for sale, allowing it to pursue a deeper restructuring than has previously been possible.
“We’re keeping all options open, including a full sale or the divestment of parts,” Dinstuhl said. Plant Technology covers the mining, cement and construction industries, and competes with Sweden’s Sandvik and Denmark’s FlSmidth.
Source: News Formal (newsformal.com)
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