Stories from Essen · Germany

Steel giant ThyssenKrupp is considering withdrawing from a green steel project. The project was intended to save thousands of jobs within the struggling industry. A withdrawal would represent a setback for the energy transition, according to the report. This decision follows previous plans to move the division to the country. The announcement was reported by WDR 2 and WDR 5. Thyssenkrupp has put negotiations with Jindal regarding the sale of its steel division on ice.

The German company TK Elevator is the target of a potential takeover bid by two competitors. The acquisition, valued at nearly 30 billion euros, is expected to take place no earlier than 2027. This move comes as the Swiss supplier faces increased competition in the sector. The acquisition process is being described as a strategic expansion for the bidders. Finnish elevator manufacturer Kone intends to acquire the German company TK Elevator for nearly 30 billion euros. Both companies stated that the merger is expected to be completed no earlier than 2027. The move is intended to increase the scale of the competing firms. Schindler, a Swiss elevator manufacturer, faces increased competition following this potential consolidation. The move aims to counter competition from two other rivals seeking to merge. The merger would create the world's largest manufacturer of elevators and escalators.

The Ruhr Museum in Essen is hosting a photography exhibition titled 'Gesichter des Reviers' (Faces of the Region). The exhibition features works by actor Armin Rode. The collection focuses on the life and work paths of individuals with migration histories who established lives in the Ruhr area. The exhibition is scheduled to run until June 7.