September 14, 2007 -- German engineering and steel company ThyssenKrupp AG said Friday its subsidiary ThyssenKrupp Schulte GmbH has invested EUR3 million at its Mannheim location. The investment will go towards the construction of a new approximately 3,000 square meter warehousing, logistics, and processing center as well as in additions to the existing plant and equipment.
ThyssenKrupp Schulte is Germany's biggest materials services company and its some 100 employees offer the entire range of rolled and quality steel, stainless and tool steel, nonferrous metals, and plastics. The new processing center is as of now in operation and directly linked to an ultramodern and automated high-bay warehouse. ThyssenKrupp Schulte Mannheim presently generates sales of around EUR120 million, mostly through its extensive value-adding services.
Source: Dow Jones International News
