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Salzgitter: We Are Definitely Not In Merger Talks with Thyssenkrupp
Klöckner & Co Says Reorganizes Management Board
Kloeckner & Co Cuts FY Guidance
Kloeckner & Co SE is a Germany-based steel and metal distributor and steel service center. It processes, among others, flat steel products, such as thin sheet and strip as well as thick sheet, long steel products, including merchant bars, sectional steel and beams, tubes und hollow sections, such as structural hollow sections, precision tubes and seamless heavy-wall pipes, stainless steel and high-grade steel, including sheet, profiles and tubes, as well as aluminum profiles, sheet, strip and plates. The Company's service portfolio comprises coil processing, forming and manufacturing of pressed parts, computer numerical control (CNC) turning and milling, two-dimensional (2D) and three-dimensional (3D) tube laser cutting, laser and water jet cutting, processing of steel and high-grade structural steel thermal cutting, surface treatment, including shot blasting and primer painting, as well as sawing, drilling and rounding off. The Company is active in Europe and the Americas.
Misc. Fabricated Products
Am Silberpalais 1
Dieter H. Vogel
Independent Chairman of the Supervisory Board
Chairman of the Management Board, Chief Executive Officer
Independent Vice Chairman of the Supervisory Board
Acting Chief Financial Officer, Member of the Management Board
Chief Executive Officer Americas, Member of the Management Board
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Thyssenkrupp <TKAG.DE> is in talks with Kloeckner & Co <KCOGn.DE> over future cooperation in materials trading, but is not working on a near-term takeover of the metals firm, three people familiar with the matter said.
German steel distributor Kloeckner & Co <KCOGn.DE> is open to playing a role in the consolidation of Thyssenkrupp's materials trading division, including taking a minority stake, its chief executive said on Wednesday.
German metals trader Kloeckner & Co <KCOGn.DE> on Wednesday said it expects dwindling demand from the European automotive and engineering sectors to weigh on its results in the second half of the year.
Shares in metals trader Kloeckner & Co spiked by almost 14% on Thursday after a German magazine reported that Thyssenkrupp could take over the German metals distributor to boost its trading business.
German steel trader Kloeckner & Co on Tuesday said it expects higher sales and core earnings this year, lifted by an increase in prices and an uptick in demand it forecast for its key markets Europe and the United States.
German metals distributor Kloeckner & Co <KCOGn.DE> on Wednesday said third-quarter core earnings rose by a quarter, lifted by the United States, where tariffs on imports have pushed up prices.
Kloeckner & Co <KCOGn.DE> reported its highest annual profit in five years on Wednesday, allowing the German steel distributor to resume and raise its dividend and sending its shares up by almost four percent.
Steelmaker Hierros Anon SA has signed a deal to buy the Spanish activities of Kloeckner & Co <KCOGn.DE>, which generated revenues of 120 million euros ($128 million) in the past fiscal year, accounting for about 2 percent of Kloeckner's group sales.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.