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Thyssenkrupp expects finalisation of Tata Steel JV by December 2018

CEO of Thyssenkrupp Electrical Steel (Europe) was speaking on the sidelines of the company announcing its CRGO product line in Nashik

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A logo of ThyssenKrupp AG is pictured outside the ThyssenKrupp headquarters in Essen (Photo: Reuters)

Aditi Divekar Nashik
Germany-based Thyssenkrupp is expecting finalisation of its joint venture with Tata Steel by end of 2018. 

"Talks with the UK labour unions are on and it's an ongoing process but we expect closure of the JV (deal) by end of this calendar year," Jens Overrath, chief executive officer of Thyssenkrupp Electrical Steel (Europe) told reporters on the sidelines of an event held at its Nashik plant .

Overrath was here to announce its cold rolled grain oriented (CRGO) electrical steel product line.

Last year, Thyssenkrupp had announced plans to combine its European steel unit with that of Tata Steel to