Titanium restructuring at ThyssenKrupp

Archiv – As part of the restructuring of the ThyssenKrupp Group, ThyssenKrupp Stainless AG is reorganising its titanium business. The activities of ThyssenKrupp Titanium GmbH are to be transferred to ThyssenKrupp VDM GmbH and combined in a specialist high-performance materials unit. Germany / Italy | As part of the restructuring of the ThyssenKrupp Group, ThyssenKrupp Stainless AG is reorganising its titanium business. The activities of ThyssenKrupp Titanium GmbH are to be transferred to ThyssenKrupp VDM GmbH and combined in a specialist high-performance materials unit.
The merger will take effect on October 1 this year and is expected to provide more growth opportunities for the titanium business.
At present, titanium operations are carried out in Germany by ThyssenKrupp Titanium GmbH of Essen and in Italy by ThyssenKrupp Titanium SpA of Terni, both of which are assigned to ThyssenKrupp Acciai Speciali Terni. The Essen plant melts titanium sponge and scrap into titanium ingots and slabs and processes them into billet, bar and sheet. Further processing to coil, tube and sheet takes place at the Terni facility, with key production steps being carried out by ThyssenKrupp Acciai Speciali Terni.
Under the reorganisation, the worldwide sales operations of ThyssenKrupp Titanium – including the Milan sales office and the Essen production facility – will be transferred to ThyssenKrupp VDM of Werdohl in Germany, a producer of nickel alloys and high-alloy special stainless steels. ThyssenKrupp Acciai Speciali Terni will retain responsibility for further processing operations at Terni.
Dr Jürgen Olbrich, Chairman of the management board at ThyssenKrupp VDM, explains: ’The reorganisation will significantly strengthen the high-performance materials business in the Stainless group. Combining our operations in this specialty area makes good sense, not least because ThyssenKrupp Titanium and ThyssenKrupp VDM already share markets such as the aircraft industry and the chemical and energy sectors, and have strong overlaps in their customer relationships.’