This company agreed to a 50-50 joint venture with Germany's Thyssenkrupp to create Europe's second-largest steel company after Lakshmi Mittal's ArcelorMittal.

This company agreed to a 50-50 joint venture with Germany's Thyssenkru

1.	This company agreed to a 50-50 joint venture with Germany's Thyssenkrupp to create Europe's second-largest steel company after Lakshmi Mittal's ArcelorMittal.
Answer» Tata Steel clinching joint venture (JV) with Thyssenkrupp to create new European steel giant, the combined strength would enhance sustainability of steel business. The new steel company will have a total workforce of 48,000 employees spread across 34 sites, producing about 21 million tonnes of steel a year with revenues of around Euro 15 billion. The joint venture will create a strong pan-European steel company that is structurally robust and competitive.