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ArcelorMittal and Nippon Steel to buy ThyssenKrupp's Calvert steel plant for $1.55B · Endata

◂ Announcements

May 8, 2019ACQUISITIONCalvert, Alabama, United States

ArcelorMittal and Nippon Steel to buy ThyssenKrupp's Calvert steel plant for $1.55B

ArcelorMittal and Nippon Steel & Sumitomo Metal will jointly acquire ThyssenKrupp's TK Steel USA plant in Calvert, Alabama, for $1.55 billion, forming a 50/50 joint venture. The plant has a capacity of 5.3 million tonnes per year, serving automotive and construction sectors.

Value

$1.55B

Status

Announced

Capacity

5.3 million tonnes per year

Productssteel for automotive and construction

CompaniesArcelorMittal acquirer Thyssenkrupp target Nippon Steel & Sumitomo Metal acquirer

Sectors#Steel and Metal Products

“Le géant de la sidérurgie ArcelorMittal va racheter, aux côtés de Nippon Steel & Sumimoto Metal, une usine de production d'acier pour l'automobile située aux Etats-Unis au conglomérat industriel allemand ThyssenKrupp pour 1,55 milliard de dollars.”7sur7.be

1 source
7sur7.beArcelorMittal et Nippon Steel rachètent une usine américaine de ThyssenKrupp | 7sur7.beundefinedMay 8, 2019

Summarized from public sources; check the original articles before acting on it.

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