Inoxum
| Inoxum | |
|---|---|
| legal form | GmbH |
| Seat | eat |
| Number of employees | 11,846 |
| sales | EUR 6,346 million (2010/11) |
| Branch | steel |
The Inoxum GmbH (formerly ThyssenKrupp Stainless AG ) was the lead company of the Stainless Steel division (also under Stainless Global ) in the group ThyssenKrupp , which the Finnish company in December 2012 , Outokumpu was sold.
Activities and locations
The core business areas were flat products made of stainless steel , as well as nickel alloys and titanium. The company had a leading market position and was represented worldwide with production sites, service centers and sales support points.
The operating companies of Inoxum were the German ThyssenKrupp Nirosta , the Italian ThyssenKrupp Acciai Speciali Terni (including ThyssenKrupp Titanium ), the Mexican ThyssenKrupp Mexinox , the Shanghai Krupp Stainless in the People's Republic of China; also ThyssenKrupp VDM , a manufacturer of nickel materials in Germany and the USA.
Sale of the division
ThyssenKrupp decided to part with Inoxum in May 2011 as part of its strategic development. As part of a portfolio optimization, the group had announced that it would divest business "for which alternative strategic options outside the group are more viable." In the context of considerable overcapacity in the stainless steel sector in Europe, Inoxum was recently in a major deficit with a negative operating result (EBIT) of EUR 785 million in the 2009/10 financial year and EUR 626 million in the 2010/11 financial year. The name was changed to Inoxum in September 2011.
The sale of the division to Outokumpu was announced in February 2012 and completed at the end of December 2012. As part of the approval under competition law, however, the European Union made it a condition to sell the Italian subsidiary Acciai Speciali Terni (AST) to a third party. After no buyer could be found for AST in the course of 2013, AST and VDM returned to ThyssenKrupp in December 2013.
Individual evidence
- ↑ a b c area Stainless Global in the Annual Report 2010/11 ThyssenKrupp ( Memento of the original January 16, 2014 Internet Archive ) Info: The archive link is automatically inserted and not yet tested. Please check the original and archive link according to the instructions and then remove this notice. , accessed January 16, 2014
- ↑ Inoxum and Outokumpu merged. Press release from ThyssenKrupp. December 28, 2012, accessed January 14, 2014 .
- ↑ Another severe setback for ThyssenKrupp. Die Welt, November 29, 2013, accessed January 14, 2014 .
