Growth in North America

thyssenkrupp Aerospace India, the first materials distribution and service provider for the aerospace and defense industry in India and part of thyssenkrupp Materials Services, has been awarded a long-term contract by Dynamatic Technologies for the Airbus A220 program. This agreement further reinforces the strategic cooperation and heralds a new chapter in the collaboration between the two companies, focusing on material supply and comprehensive supply chain management services.

Under this long-term agreement, thyssenkrupp Aerospace India will manage the supply chain for raw materials, warehousing, and processing services for Dynamatic Technologies’ facilities in India. The primary product group covered under this contract includes aluminum, steel and titanium products, which will be serviced from thyssenkrupp Aerospace India's local site in Bangalore. The products will be supplied in various shapes and sizes to meet the precise needs of Dynamatic Technologies, ensuring just-in-time delivery to their manufacturing facilities.

thyssenkrupp Aerospace, part of thyssenkrupp Materials Services, one of the world’s leading mill-independent materials distribution and service providers, has agreed to a 10-year contract extension to manage the material demand for Magellan Aerospace (UK) Limited (“Magellan”), a global aerospace company that develops, designs and manufactures aircraft components worldwide. The agreement is a continuation of the successful, long-standing relationship between the two companies dating back more than 20 years.

Under the agreement, which also covers Magellan’s subcontractors, thyssenkrupp Aerospace will handle the entire supply chain management of raw materials, warehousing and other processing services for Magellan’s facilities in Europe and India. The main product group is aluminum plates, which will be serviced from the thyssenkrupp Materials Services sites in the UK, India and Poland, with tube and extrusion products supplied from the thyssenkrupp Materials UK site in Milton Keynes. These materials will be delivered just-in-time to Magellan’s facilities.

Astrid Meicherczyk has taken over as CEO of thyssenkrupp Schulte, a German subsidiary of the materials distribution and service provider thyssenkrupp Materials Services, effective July 1, 2024. She succeeds Detlef Schotten, who at the same time assumed responsibility for the pan-European materials distribution and trading business of thyssenkrupp Materials Services to which thyssenkrupp Schulte is organizationally assigned.

Astrid Meicherczyk has extensive international general management and sales experience from more than 25 years in leading positions in the industry. Most recently, she was CEO of the Plastics Europe operating unit, the European plastics distribution business of thyssenkrupp Materials Services. Before joining thyssenkrupp, the industrial engineer spent many years at Bertelsmann in leading positions in Germany and abroad, including as CEO of Prinovis Germany and member of the Management Board of the Bertelsmann Printing Group.

In April thyssenkrupp Schulte announced a fundamental structural transformation of its business model. The aim is to sustainably improve the competitiveness and profitability of the German market leader and meet changing customer needs by focusing on the material-related services business.

thyssenkrupp Schulte GmbH, headquartered in Essen, is part of thyssenkrupp Materials Services and is the leading materials trader and service provider for steel, stainless steel and non-ferrous metals in Germany. Through a network of over 40 locations, it serves customers from various sectors of the manufacturing industry, including industry, trade and construction. The portfolio ranges from a broad product range of flat products, profiles and tubes to competent expert advice and a comprehensive range of services along the value chain. thyssenkrupp Schulte currently employs around 2,300 people.

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.

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.