Tag Archives: Germany

UL US Going to Hannover Messe for First Time

The United States is sending the biggest delegation it has ever sent to the Hannover Messe this year. Hannover Messe is the world’s most respected trade convention for industrial and manufacturing technologies, which takes place April 25-29 in Hannover, Germany.
UL, a US safety science company, has been sending a delegation from its European subsidiary, this year a group from the US is joining as well.

“While UL in Europe has been participating at Hannover Messe for more than 15 years, we are excited to join the US business delegation and are looking forward to welcoming visitors at our two booths this year,” said Gitte Schjotz, UL’s SVP and president for EMEA and Latin America.

“UL empowers the next industrial evolution through safe adoption of industrial automation, energy, digital factories, cybersecurity, industrial supply and technology.”

Hannover Messe is expecting upwards of 200,000 participants from over 70 countries. The event attracts investors, buyers, distributors and resellers as well as government representatives.

ThyssenKrupp Sells US Steel Plant To Two Buyers

The Alabama-based but German-owned steel plant ThyssenKrupp Steel USA will be sold to two competing buyers for $1.55 billion.

The sale was finalized after an extended period of competition for the purchase between ArceloMittal, headquartered in Luxembourg; and Japan’s Nippon Steel & Sumitomo Metal Corp. In the end ThyssenKrupp Steel, the German owner of the plant, agreed to sell to both companies.

The sale is expected to benefit Nippon and ArceloMittal by expanding their energy and car manufacturing businesses.

ThyssenKrupp decided to on-load their US steel plant when the price of steel fell, leading to financial loss for the company as well as large write-downs for the lowered value of the plant.