Federal Cartel Office searched the offices of ThyssenKrupp AG
and three other German steelmakers on allegations of
anti-competitive agreements, the antitrust body and
ThyssenKrupp confirmed Feb. 28.
ThyssenKrupp Steel Europes
Duisburg offices, as well as companies in
Baden-Württemberg, Bayern and Nordrhein-Westfalen, were
searched on allegations related to sales of coil and
semifinished product to Germanys automotive sector, the
The homes of some suspects were
also searched by the cartel office and police. A total of 19
employees from the four steel groups were involved, the agency
ThyssenKrupp chief executive
officer Heinrich Hiesinger denied any antitrust violations.
"ThyssenKrupp employs a
zero-tolerance policy. If the allegations are substantiated in
the investigations, we will take rigorous action," he said.
"We are in the process of
implementing a full-scale change to the leadership culture at
ThyssenKrupp. I take this very seriously. Anyone who
doesnt cooperate has no business working for us," he
dismissed three board members who allegedly were involved in a
range of compliance cases, including faulty data in the Steel
Americas project (
amm.com, Dec. 5).
In January, Hiesinger said he
still believed in the leadership of supervisory board chairman
Gerhard Cromme despite recent mistakes made by the company.
A version of this article
was first published by AMM sister publication Steel