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ThyssenKrupp (TYEKY.OB) plans to invest at least €280M ($364M) for five new production...

ThyssenKrupp (TYEKY.OB) plans to invest at least €280M ($364M) for five new production plants in China to boost capacity at its automotive parts and elevators businesses after two years of sharp overall losses. Thyssen's Asia ambitions are part of its plans to reduce dependence on the cyclical steel business and expand technology and engineering businesses like the elevators unit.
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