Tag Archives: joint_venture

Kuehne + Nagel partners with Chinese automotive logistics group Sincero over contract logistics for the automotive sector

Kuehne + Nagel to hold the majority share of the joint venture Enlargement of the contract logistics footprint for the automotive industry in China by almost 70 per cent Important step to further accelerate the growth in China’s automotive logistics … Read the full press release

Tata Steel and thyssenkrupp AG to combine their European steel businesses in a 50/50 joint venture

Agreement to combine European steel operations in 50/50 joint venture thyssenkrupp Tata Steel Proposed new company to focus on quality and technology leadership Expected annual synergies of €400-€500 million plus synergies in capex and working capital optimization confirmed by due … Read the full press release