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Decision on German steel plant expected this week ThyssenKrupp announced Monday that the site of the company's multi-billion dollar facility in the United States will be considered by its Supervisory Board Friday, May 11, in Duesseldorf, Germany. ThyssenKrupp AG and ThyssenKrupp Steel and Stainless USA will release details of the board's actions following the meeting. In February, ThyssenKrupp confirmed that it is proceeding with the development of a new state-of-the-art steel and stainless steel manufacturing and processing facility in either Alabama or Louisiana. Over the past several months, Thyssen- Krupp has been conducting extensive due diligence to construct and operate a multi-billion dollar facility in the United States. The facility will manufacture and process carbon steel and stainless steel for highvalue applications by manufacturers in the U.S. and throughout North America. The plant will serve industries including automotive, packaging, construction, electrical and utility, in addition to serving manufacturers of appliances, precision machinery and engineered products. The new plant complex, which is expected to begin operations in 2010, is considered to be one of the largest private industrial development projects in the United States over the next decade. During construction, the facility will create upwards of 29,000 jobs. When it is fully operational, the plant will employ 2,700 people. Additional information can be found at http://www.Thyssen- KruppNewUSplant.com, the project's new Web site dedicated to sharing information with stakeholders and the general public. The ThyssenKrupp Group, based in Düsseldorf, Germany, is a global technology company which consists of five business segments - Steel, Stainless, Technologies, Elevator and Services. The company has annual sales of approximately €47 billion (US$61 billion) and employs 188,000 employees in more than 70 countries worldwide. ThyssenKrupp Steel AG, based in Duisburg, Germany, is the holding company for the carbon steel activities of the group. It is the largest single entity of ThyssenKrupp. Last year, it produced approximately 14 million metric tons of crude steel and generated sales of €10.7 billion (US$14 billion). This business segment is focused on highlyquality carbon steel flat products and is one of the world's leading producers, ranking second in Europe. The segment employs more than 30,000 people. Its subsidiaries are active in processing, coating and steel services. Subsidiaries include Rasselstein GmbH, the world's largest tinplate production site in Andernach, Germany, and Duisburg-based ThyssenKrupp Tailored Blanks GmbH, world market and technology leader in laser-welded blanks for the auto industry. ThyssenKrupp Stainless AG, also based in Duisburg, Germany, is the holding company for the stainless activities of the group. It has achieved leading market positions worldwide in stainless steel flat-rolled products, nickel alloys and titanium. With annual sales of €6.4 billion (US$8.3 billion), the segment employs 12,200 employees in Germany, Italy, China, Mexico and the U.S.
ThyssenKrupp operations can be found in every state in the U.S. There are 70 ThyssenKrupp companies in more than 400 locations accounting for 25,000 employees and more than US$9.7 billion in annual sales. Through its predecessor companies, ThyssenKrupp has been part of the U.S. historical landscape for 170 years, dating back to 1837 when Alfred Krupp, founder of predecessor company Krupp, provided coin minting machine prototypes to the U.S.
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