"In recent years our product portfolio for the automotive segment has shifted toward chassis technology. Engine components now account for only twenty percent of our sales. By developing new forged products for new markets and customers we aim to reduce this share even further in the future and tap into growth potential in the industrial components business," said Kroos.

The new Forged Technologies business unit comprises the previously independent business units Forging & Machining, which is headquartered in Brazil and produces crankshafts, and Undercarriages, which is headquartered in Italy. Both units have been restructured in recent months and prepared intensively for integration. The organizational structure of the new business unit has been streamlined for greater competitiveness.

thyssenkrupp Business Area Components Technology

The Components Technology business area produces and markets high-tech components worldwide for the automotive and machinery sectors. In the auto sector the product range includes assembled camshafts, cylinder head cover modules with integrated camshafts, and crankshafts (Powertrain); steering and damping systems, springs and stabilizers as well as the assembly of axle modules (Chassis). In the machinery sector the business area supplies high-quality components for construction equipment, wind turbines and numerous general engineering applications. Components Technology covers the entire value chain, from the development and manufacture of high-performance components through to machining and complex assembly processes. Mechatronic solutions using electronics and software developed inhouse are playing an increasingly important role. In fiscal year 2015/2016 the Components Technology business area achieved sales of 6.8 billion euros.

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