Latest press releases

6/5/24

Vegetable oil instead of diesel: thyssenkrupp Materials Services invests in sustainable drives

thyssenkrupp Materials Services has taken a further step in the area of alternative drive systems and invested in three HVO-powered (hydrotreated vegetable oil) trucks in the UK. The subsidiary thyssenkrupp Materials UK has already put one of the Mercedes-Benz trucks into operation, with two more to follow at the end of the year. The move is part of the sustainability activities of the materials distribution and service provider, which has set itself the goal of becoming climate-neutral by 2030.

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5/24/24

Strategic network expansion: Pelagus 3D partners with Immensa to enter new markets

Pelagus 3D, a joint venture between thyssenkrupp Materials Services and Wilhelmsen in the field of additive manufacturing, has signed a Strategic Collaboration Agreement with Immensa, the largest digital manufacturing provider in the Middle East and North Africa (MENA) region. The partnership will develop spare parts for the maritime and energy industries in the Middle East and North Africa to expand its service offering and market presence in the region. With this step, Pelagus 3D is strategically developing its business, which until now has focused primarily on the maritime and offshore industries.

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5/8/24

Growth in North America: thyssenkrupp Materials Services opens steel service center in Texas

  • The location in Sinton, Texas, is the fourth steel service center in the USA.

  • The focus is on steel processing and supply chain management between steelworks and OEMs in a variety of market segments.

  • Investments of more than EUR 30 million will create additional capacity for increasing demand in the region.

thyssenkrupp Materials Services, one of the world's leading mill-independent materials distribution and service providers, celebrated the opening of its new steel service center in Sinton, Texas, on May 7, 2024. The company invested a total of EUR 30 million (approx. USD 32 million). The new location will be part of the network of the US unit thyssenkrupp Materials NA. A key objective of the new service center is to support the materials and supply chain management needs of manufacturing companies across multiple markets in the region and neighboring Mexico, which previously relied on materials with long transportation routes due to their geographic location. Previously, the nearest producing mill was over 700 miles (1,100 kilometers) away. Due to its geographic location, the Sinton site is an important strategic addition to the three existing steel service centers in Richburg, South Carolina; Woodstock, Alabama; and Detroit, Michigan. The move continues thyssenkrupp Materials Services' expansion in North America, where the company has invested more than EUR 100 million in the past two years.

"North America is an important growth market for us, which is why we are continuously expanding our position as a strategic partner to the automotive industry," said Martin Stillger, CEO of thyssenkrupp Materials Services, at the opening of the site. "With our new steel service center in Sinton, we are ensuring the flexible and reliable supply of high-quality materials to existing and new customers. In line with our 'Materials as a Service' strategy, we take over the efficient and secure management of supply chains, while our customers can concentrate on their core business."

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5/7/24

thyssenkrupp Materials Processing Europe and Autoliv reach agreement on purchasing steel from low-CO2 production

thyssenkrupp Materials Processing Europe and Autoliv, the world's largest supplier of safety systems for the automotive industry, have agreed to expand their existing collaboration for the supply of steel to include low-CO2 steel. From the end of 2026, thyssenkrupp Materials Processing Europe will supply Autoliv with bluemint® Steel. Autoliv's production network includes branches in 25 countries and 14 technical centers worldwide.

The plan underlines the long-term partnership between thyssenkrupp Materials Processing Europe and Autoliv: both companies are consistently pursuing their sustainability activities and have set themselves the goal of operating climate neutrally by 2030. Autoliv plans to achieve net-zero emissions across the entire supply chain by 2040. CO2-reduced and CO2-neutral materials are an essential lever for this. The first joint projects with CO2-reduced steel – bluemint® recycled from thyssenkrupp Steel – are already starting this year, with the quantities being gradually increased over the next few years.

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4/24/24

thyssenkrupp Schulte responds to market developments and carries out a fundamental structural transformation of its business model

  • Changed business model aims to sustainably improve competitiveness and profitability

  • Focus on materials-related service business takes account of changing customer needs

  • Transformation plan also includes job cuts and site closures

thyssenkrupp Schulte, the leading German materials distribution and service provider, is implementing a strategic realignment of its business model in order to consolidate and further expand its market position. The aim is to make structural changes to the company to optimally position it for current and future challenges.

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4/19/24

On World Creativity and Innovation Day: thyssenkrupp Materials Services focuses on innovation and presents Forward Sensing

  • A systematic innovation process focuses on digital solutions for the flexible and resilient design of global supply chains.

  • Four corporate ventures of thyssenkrupp Materials Services are active on the market.

  • The new solution "Forward Sensing" is designed to give users a complete overview of their entire supply network.

Expanding in growth markets and creating new forms of value creation: Businesses in all sectors worldwide are faced with the challenge of continuously adapting to new conditions and changing customer demands in order to remain successful competitive. One way to do this is to develop new solutions and offerings. On the occasion of the UN World Day of Creativity and Innovation on April 21, 2024, thyssenkrupp Materials Services is presenting its innovation activities.

To drive business development with innovations, the materials distribution and service provider established a systematic innovation process several years ago. Its activities focus on digital solutions that enable a more flexible and resilient organization of global supply chains.

"We are using innovation strategically to digitalize supply chains and make them transparent. In doing so, we are responding to the growing needs of our customers who, in the face of macroeconomic and geopolitical disruptions and the associated dynamic market conditions, want to have not only stable, but above all flexible supply chains," says Martin Stillger, CEO of thyssenkrupp Materials Services. "As a company, we have been around for more than 125 years. Throughout this time, our transformation has always been driven by the goal of evolving – with the customer at the center."

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