Thyssenkrupp's Duisburg Steelworks Threatened by Shutdown, Apt Group Boosts Climate Efforts
Thyssenkrupp's Duisburg steelworks, Germany's largest, faces a potential shutdown, raising alarms in the European automotive industry. The plant, employing 13,000 people, supplies crucial steel for car components. Meanwhile, the apt Group plans to bolster its climate protection efforts in Europe through a strategic acquisition and technological advancements, aiming for climate neutrality by 2044.
Thyssenkrupp's steelworks in Duisburg, producing steel for car components like side impact protection, door panels, and belt tensioners, has been struggling with heavy losses. Decreasing demand, soaring energy prices, and cheap Chinese imports have pushed the plant to the brink.
Protests have erupted outside the plant gates as Thyssenkrupp plans to cut thousands of jobs. The potential shutdown could cause significant issues for the European automotive industry, which relies heavily on the plant's output.
In contrast, the apt Group is set to enhance its climate protection program in Europe within the next three months. Through the acquisition of Alu Menziken Extrusion AG, the company aims to expand production capacities and technologies. It also plans to advance energy-efficient processes, circular economy practices, and sustainable product solutions. These measures could significantly impact global competition for large industrial companies.
Thyssenkrupp's planned job cuts and potential shutdown of its Duisburg steelworks pose a threat to the European automotive industry. Meanwhile, the apt Group's ambitious climate protection plans could reshape global industrial competition. As Europe's climate protection measures reach a new level in three months, the impact on both companies and the wider industry remains to be seen.
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