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Encyclopedia > ThyssenKrupp

ThyssenKrupp AG
ThyssenKrupp logo
Type Public
(ISIN: DE0007500001, FWB: TKA, LSETHK)
Founded 1860
Headquarters Essen, Germany & Duisburg, Germany
Key people Dr. Ekkehard D. Schulz, Chairman of the Executive Board
Dr. Gerhard Cromme, Chairman of the Supervisory Board
Industry Conglomerates
Products Steel, stainless products (Nirosta), automotive technologies, elevator systems, marine systems, ship-building, services
Revenue €47 billion in 2006
Net income $1.227 billion USD (2005)
Employees 188,000 (est.) (2006)
Website www.thyssenkrupp.com

ThyssenKrupp AG (ISIN: DE0007500001) is a very large German industrial conglomerate, with about 188,000 employees. The corporation consists of 670 single companies worldwide. ThyssenKrupp is one of the world's largest steel producers. It operates worldwide in three business areas: steel, capital goods, and services. The steel unit concentrates on carbon steel and stainless steel, while the capital goods unit consists of three segments: elevators, automotive (parts, sub-assemblies, and modules), and technologies (machine tools, large-diameter bearings, and industrial doors). The services sector provides tailor-made materials, environmental services, mechanical engineering, and scaffolding services. The company is the result of the 1999 merger of Thyssen and Krupp. It is registered in Essen and Duisburg (both Germany). As of 2005 23,58% of the company shares are held by the Alfried Krupp von Bohlen und Halbach Foundation. Image File history File links No higher resolution available. ... This article does not cite any references or sources. ... An International Securities Identifying Number (ISIN) uniquely identifies a security. ... The Frankfurt Stock Exchange (outside) The DAX chart (inside) The Frankfurt Stock Exchange (German: FWB® Frankfurter Wertpapierbörse) is a stock exchange located in Frankfurt, Germany. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... 1860 is the leap year starting on Sunday. ... Essen is a city in North Rhine-Westphalia, Germany. ... Duisburg is a German city and port in the western part of the Ruhr Area (Ruhrgebiet) in North Rhine-Westphalia. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Caicos Islands, and the insular areas of the United States Inflation 2. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Aktiengesellschaft (IPA: ; abbreviated AG) is a German term that refers to a corporation that is limited by shares, i. ... An International Securities Identifying Number (ISIN) uniquely identifies a security. ... Conglomerate is the term used to describe a large company which consists of divisions of often seemingly unrelated businesses. ... This article is about the temporary framework. ... This article is about the year. ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... The Thyssen family has notable members who are descendants of Friedrich Thyssen and established steel works, industrial conglomerates, banks, and art collections. ... For the U.S. town, see Krupp, Washington. ... Essen is a city in North Rhine-Westphalia, Germany. ... Duisburg is a German city and port in the western part of the Ruhr Area (Ruhrgebiet) in North Rhine-Westphalia. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... The Krupp family is a prominent 400-year-old German family from Essen, famous for their steel production and manufacture of ammunition and armaments. ...


ThyssenKrupp generates 33% of its consolidated sales on its home market. The rest of the EU (European Union) (28%) and the NAFTA region (21%) are the key foreign regions for its business outside Germany. ThyssenKrupp companies hold leading positions with their products in numerous international markets.


In 2005 ThyssenKrupp acquired Howaldtswerke-Deutsche Werft (HDW) in Kiel from One Equity Partners. ThyssenKrupp Marine Systems (TKMS) is now the most important European group of shipbuilders. In addition to HDW, Blohm + Voss in Hamburg as well as Nordseewerke at Emden are also subsidiaries of TKMS. One Equity Partners holds 25% of the TKMS shares. View on HDW-shipyard at Kiel The Brandtaucher in the museum in Dresden Howaldtswerke-Deutsche Werft (often abbreviated HDW) is a German shipbuilding company, headquartered in Kiel. ... , For the city in the United States, see Kiel, Wisconsin. ... ThyssenKrupp Marine Systems (often abbreviated TKMS) is a leading European group of providers of naval vessels, surface ships and submarines. ... Shipbuilding is the construction of ships. ... Blohm + Voss Schiffswerft und Maschinenfabrik is a German shipbuilding and engineering works. ... Location Coordinates Time zone CET/CEST (UTC+1/+2) Administration Country NUTS Region DE6 First Mayor Ole von Beust (CDU) Governing party CDU Votes in Bundesrat 3 (from 69) Basic statistics Area  755 km² (292 sq mi) Population 1,754,317 (11/2006)[1]  - Density 2,324 /km² (6,018... Nordseewerke GmbH is a German shipyard in Emden, now part of ThyssenKrupp Marine Systeme. ... Emden is a city and seaport in the northwest of Germany, on river Ems. ...


In December 2005 ThyssenKrupp acquired 60% of Atlas Elektronik from BAE Systems, with EADS acquiring the remaining 40%. Atlas Elektronik GmbH is a subsidary of BAE Systems based in Bremen, Germany. ... BAE Systems plc is the worlds third largest defence contractor,[3] the largest in Europe and a commercial aerospace manufacturer. ... The European Aeronautic Defence and Space Company EADS N.V. (EADS) is a large European aerospace corporation, formed by the merger on July 10, 2000 of Aérospatiale-Matra of France, Construcciones Aeronáuticas SA (CASA) of Spain, and DaimlerChrysler Aerospace AG (DASA) of Germany. ...


In November 2006 ThyssenKrupp was found guilty of price fixing. A few months later on February 21, 2007, the company was fined 479 million euros by the EU.


On May 11, 2007, ThyssenKrupp announced [1] an investment of $4.19 billion for a new steel processing facility in Alabama. The announcement came after several months of competition between a site on the Mississippi River in Convent, Louisiana, and a site on the Tombigbee River, near Mount Vernon, Alabama, about 30 miles north of Mobile. The hot strip mill will process steel slabs manufactured at ThyssenKrupp's steel mill in Brazil. The mill, which will be operational in 2010, is expected to employ 29,000 people during construction, and 2,700 people once operational.


See Also

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