ThyssenKrupp follows carmakers with China expansion

Newswire

DUISBURG, Germany, Aug 28 (Reuters) - German steel and engineering group ThyssenKrupp AG said on Thursday it was setting up a raft of new factories in China to cater to auto manufacturers in the world's fastest growing car market. It will establish three new factories in China with local partner ANSC Angang New Steel Co. to build tailored blanks -- laser-welded sheets of metal used by manufacturers to form car parts such as doors and floor panels. Ulrich Jaroni, the board member at ...

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