Thyssenkrupp establishes new Decarbon Technologies segment

Thyssenkrupp AG is establishing a new segment called Decarbon Technologies, as part of the reorganisation of its portfolio and launch of a group-wide performance-oriented programme, Kallanish hears from the group.

At the start of the new fiscal year, on 1 October 2023, its units thyssenkrupp rothe erde (Business Unit Bearings), thyssenkrupp nucera, Uhde and Polysius will be combined in the Decarbon Technologies segment. Each of the units in itself possesses key technologies for the decarbonisation of manufacturing industries.

With the creation of the new segment, thyssenkrupp is seeking a position as a technology leader for the energy transition, and giving full visibility to its extensive capabilities for the green transformation, it says.

The new Decarbon Technologies segment will in future have around 15,000 employees and generate annual sales of around €3 billion ($3.3 billion). The segment’s headquarters will be located in Dortmund due to its geographical proximity to the businesses. Further locations in growth regions such as the Middle East are being targeted.

The establishment of corporate and company co-determination in the form of a supervisory board and a works council is planned. The segment will be managed by thyssenkrupp AG chief executive Miguel López.

Christian Koehl Germany