Thyssenkrupp completes sale of its elevator business
Thvssenkrupp completed the sale of its elevator business for 17.2 billion euros (20.4 billion U.S. dollars) to a bidding consortium led by U.S. and British private equity firms Advent International and Cinven, the Germar steel giant announced last Friday.The transaction would result in a "substantial reduction in debt to a net cash position and a sianificant increase in equity." Thyssenkrupp announcedIn the fiscal vear 2018/2019. Thvssenkrupp's elevator business had generated almost 20 percent of tota revenues and was by far the company's most profitable business unit, achieving an adjusted earnings beforeinterest ang taxes (EBIT) of 907 milion eurosThyssenkrupp recently recorded losses of 948 million euros for the second quarter (Q2) of 2020. Compareo to Q2 of the previous year, losses grew by almost 800 million euros."We are continuina to focus all our eneraies on substantially improvina the performance of the remaining businesses." said Martina Merz, chief executive officer (CEO) of Thyssenkrupo. The sale of the elevator business worth billions would provide "tailwind for the transformation of Thvssenkrupp."
Seamless Round
Commodity | 316L 316 420 440 4cr13 Stainless Steel Seamless Pipe For Heat Exchange |
Material | 200 Series:201 300 Series:301,304,304L,309S,310S,316,316,317L,321,347 |
Standard |
ASTM A213,ASTM A312,ASTM A249,ASTM A269,ASTM A789,JIS G3456,JIS G3463,JIS G3448,JIS G3459 |
Wall Thickness | 0.1mm-60mm |
Out Diameter | 6mm-2500mm |
Length | 1m,3m,6m,12m or as the customer’s demand |
Surface Treatment | Polished,Hair Line,Brush,Mirror Finish |
Manufacture Method | Hot Rolled,Cold Rolled,Cold Drawn,Extruded |
Package Type | Bundling,Woven Bags,PVC Film and Wooden Case |
Payment Terms | 30% TT in advance,the balance should be paid before the shipment |
Price Terms | Ex-Work,FOB,CIF,CFR |
Lead Time | It is normal 7-10 days after receive your deposit |
Application | Stainless steel pipe widely used in Mechanical Structure,Decoration,Industry Pipe,Boiler Heat Exchange,Cool Condenser,Food Industry,Chemical and Water Plant etc |
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