Thyssenkrupp Nucera, the company with a majority ownership by Thyssenkrupp following its public debut, unveiled its expansion plans after reporting robust sales and operating income.
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The company, which Thyssenkrupp majority-owns after taking it public in a blockbuster market debut in July, also wants to expand production with new locations, including in India. A banner of Thyssenkrupp Nucera is displayed outside the Frankfurt stock exchange prior to Thyssenkrupp Nucera's IPO in Frankfurt, Germany, on July 7, 2023.Sales almost doubled to 187.5 million euros, driven mainly by its alkaline water electrolysis, where investors see potential for the business to scale up quickly.
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