The News Courier in Athens, Alabama

State and Nation

November 20, 2013

ThyssenKrupp: Talks over sale of Alabama plant

— FRANKFURT, Germany (AP) — German steel company ThyssenKrupp AG says it's in "exclusive negotiations" about the possible sale of its 3-year-old steel plant in Alabama.

It said late Tuesday the outcome of the talks is still open, and its news release didn't name the potential buyer.

The Essen-based company put off announcing its financial statements from Thursday until Dec. 2 as a result of the talks.

The Calvert, Alabama, plant began working in 2010, processing slab steel from another new plant in Brazil. A fall in steel prices has led to losses for the company and large writedowns for the reduced value of the plants.

1
Text Only
State and Nation
Poll

What is your favorite Easter candy?

Chocolate bunnies
Marshmallow chicks
Chocolate eggs with filling
     View Results
Facebook
AP Video
Raw: More Than 100,000 Gather for Easter Sunday Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Deadly Avalanche Sweeps Slopes of Mount Everest
Twitter Updates
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Stocks
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Business Marquee