ThyssenKrupp
Thyssenkrupp Presta North America, part of the Thyssenkrupp Automotive Technology segment, plans to close its production facility in Terre Haute, Indiana, by March 31, 2027. This was announced in a statement from the company.
As part of the planned closure, production activities in the United States within the automotive chassis business, which are affected by this, are expected to be reorganized in the future, with a focus on the plant in Hamilton, Ohio.
This measure is part of a comprehensive transformation of the segment, aimed at aligning its global structure more closely with profitable growth, improved operational efficiency, and clearer parameters.
The company added that, leading up to the planned closure, production at the facility is expected to be phased out in an orderly manner, with customer supply maintained throughout the transition period.
“The planned adjustment of our production network in the U.S. is an important step toward strengthening the long-term competitiveness of our North American business,” said Viktor Molnar, Chief Operating Officer of Thyssenkrupp Automotive Technology.
According to him, the automotive industry is undergoing profound changes. Customer requirements, production volume trends, and cost structures demand more compact, focused, and efficient production structures.
North America remains an important market and production region for Thyssenkrupp Automotive Technology. In the 2024/2025 fiscal year, the segment’s sales in the region amounted to approximately €2.1 billion, supplying products to nearly all major automakers and customers in the commercial vehicle sector.
The plant in Terre-Haut produced steering components, while the facility in Hamilton focuses on shock absorber systems.
As a reminder, Thyssenkrupp raised the valuation of its steel business (Thyssenkrupp Steel Europe, TKSE) by a quarter. This occurred almost immediately after negotiations for its sale to the Indian company Jindal Steel broke down.
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