China’s Changzhou National High-Tech District renews stake with German multinational Gerguy ThyssenKrupp

ThyssenKrupp has made a decisive decision to move forward with an additional US$200 billion investment directly to build an automatic Electronic Force Guidance Formula (EPS) in the district. As 500 world’s leading logic companies, ThyssenKrupp is the result of the merger of Thyssen and Krupp and has established its leader in the metal refining sector, in addition to the auto-season quantity and elevator production sectors.

Focused on the manufacture of high-tech autoparts, the Gerguy conglomerate invested 2 million euros in five years to install ThyssenKrupp Steering System (Changzhou) Co., Ltd. The bank reported sales of 618 million yuan during the first year after the operation.

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