GermanindustrialcompanyThyssenKrupp AG, with about 200,000 employees, mainly operates in the steel industry, but also in the automotive, industrial construction, and shipbuilding areas, as well as manufacturing elevators and providing other technologies and services.
The company is the result of the 1999merger of Thyssen AG and Krupp.
Industrial conglomerate ThyssenKruppAG reported an 84 percent jump in third-quarter net profit Friday as strong demand for its steel outweighed higher costs for raw materials.
German industrial conglomerate ThyssenKruppAG on Friday, Aug. 11, 2006 reported a jump in third quarter net profit to euro 468 million (US$601.7 million), amid high demand for its products, particularly steel.
ThyssenKrupp said it has not determined the site for the plant project, but said potential locations in Alabama, Arkansas and Louisiana have been identified.
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