THYSSEN UNIT TO COOPERATE WITH CANADIAN FIRM
Thyssen AG <THYH.F> unit
Thyssen Guss AG, a metals group, said it had agreed to
cooperate with Canadian firm <Cercast Inc> to manufacture fine
casting products.
    Both companies would merge plants in the West German towns
of Soest and Moers under a new company in which the two groups
would have equal shares in a capital of three mln marks.
    A spokeswoman for Thyssen Industrie AG, which holds 100 pct
of Thyssen Guss, said the joint-venture should produce turnover
of an annual 40 mln marks. Thyssen Industrie is held 90 pct by
Thyssen AG.
 REUTER
