Reportedly, German's ThyssenKrupp has planned to close its steel sheet plant at Neuwied in Germany in 2013 in order to restructure and improve its finance. Currently, the company has run under full capacity at its production site and some of most important plant will expect to close by the end of this year. Therefore, Thysse Krupp expects to cut total cost approximately 500 million euro during 2014~2015 and will affect about 2000 jobs. The company stated that it is a difficult situation for company to make a decision and hope to return for better financial condition
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66251&division=A9
