The proposed 50:50 joint venture would be focused on quality and technology leadership.
Representational Image.
Mumbai: Domestic steel giant Tata Steel and German Thyssenkrupp AG have signed a MoU to create the second largest steel enterprise in Europe after ArcelorMittal by combining the flat steel businesses of the two companies in Europe and the steel mill services of the Thyssenkrupp group.
The proposed 50:50 joint venture would be focused on quality and technology leadership, and the supply of premium and differentiated products to customers, with annual shipments of about 21 million tonnes of flat steel products, the companies said in a statement.
( Source : Deccan Chronicle. )
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