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TK CHIEF SAYS ELEVATOR DIVISION NOT FOR SALE
thyssenkrupp CEO Guido Kerkhoff told a German newspaper that the company has no plans to sell its elevator business, according to a Reuters report posted on Euronews.com. Kerkhoff, speaking to the Rheinische Post, said a plan to split the company into two separate divisions should boost its equity and capital base. thyssenkrupp is currently preparing to spin off its elevators, car-parts and plant-engineering divisions into a separately listed entity, thyssenkrupp Industrials, while its remaining businesses — materials trading, shipbuilding, forging and a stake in a joint venture with India's Tata Steel — will be renamed thyssenkrupp Materials. Kerkhoff said the elevator division, thyssenkrupp's most profitable, would undergo deep restructuring of its Americas business, which would “include personnel changes at the leadership level there," Kerkhoff said.
Image credit: thyssenkrupp
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TK Chief Says Elevator Division Not For Sale
