ThyssenKrupp to invest $500 mio in Korea

Friday, 06 February 2004 16:19:03 (GMT+3)   |  
       

ThyssenKrupp to invest $500 mio in Korea

German based steel producer ThyssenKrupp reportedly plans to invest $500 million in Korea, including establishment of North Asian research and development center, as a part of its expansion plan in Asia. In line with the plan, 20 ThyssenKrupp executives will visit Seoul, to find local partners for investment. With the projects to be materialized in Asia, ThyssenKrupp's sales share in the region will increase from the current 5% to 15% in the next five years. As previously reported by SteelOrbis, ThyssenKrupp had made investments in China as a part of its expansion plan in Asia.

Similar articles

Kim Marti, CELSA Group: “Confidence needs to be improved for demand to recover”

07 Apr | Steel Matters

Global flats markets and economy

08 Sep | Flats and Slab

The Ukrainian scrap market in Jan-May 2008 - UAMB (Ukrainian Scrap Association) President V.A.Kulichenko and UAMB ...

25 Aug | Steel News

Outlook for the steel markets and future projections

23 May | Steel News

China's plate prices retain strength in 2007 due to various factors

30 Aug | Steel News

Turkish sections market waits to see post-holiday European and Chinese markets

04 May | Longs and Billet

Rolmet discusses the key role of scrap in the steel market

29 Mar | Steel Matters

Can Iran emulate China's success or at least India's?

14 Mar | Steel Matters

China to supply steel for the rest of Asia

09 Feb | Steel Matters

Mittal Steel Temirtau holds 2nd Customer Meet

29 Aug | Steel News