According to reports, ThyssenKrupp recently opened a new factory in Saxony-Anhalt, Germany, for the production of cylinder head covers .
The new plant is located in Ilsenburg, Saxony-Anhalt. ThyssenKrupp has invested 50 million euros in it, and the Saxony-Anhalt government also provided an investment support project. 10 million euros of funds. The new plant is expected to produce approximately 1 million cylinder head covers annually.
ThyssenKrupp's CEO Heinrich Hiesinger stated: “The automotive business has always been an important pillar of ThyssenKrupp. We are reducing CO2 emissions through our ability to manufacture materials and high-tech components . It plays an important role in improving vehicle safety and handling.
ThyssenKrupp employs 1,300 employees in the auto parts business in Saxony-Anhalt. The company started producing automotive components in Ilsenburg 15 years ago. With the new plant in operation, ThyssenKrupp will create 180 new jobs for the local community.
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