ThyssenKrupp

symbol of the German heavy industry: The three smooth railway wheel tires of Krupp

the ThyssenKrupp AG /ˌtɪsnˈkrup/is a German industrial enterprise with seat in Duisburg and meal. The head office of the enterprise is in Duesseldorf, is however after an appropriate executive committee decision at the earliest 2008after meals to be shifted.

Its historical roots unite nearly the entire history of the rheinisch westfälischen heavy industry and with it the industrialization of Germany - in the good one and in the bad one. The ThyssenKrupp company decreases itself/goes back to a multiplicity of different predecessor enterprises, particularly in the course of the consolidation thatCharring, iron and steel industry together-found. The entrepreneur personalities of the predecessor enterprises coined/shaped in 19. and early 20. Century substantially the German industrial policy and took influence on the German interior and foreign policy.

ThyssenKrupp developed 1999 from the fusion of the Thyssen AG with the Friedrich Krupp AGHoesch Krupp (to the predecessor enterprises see below). The company consists of the segments Steel, Stainless, automotives, elevator, Technologies and services. Thus the company activities are concentrated on steel, industrie plants, industrial goods and services. ThyssenKrupp Steel is owner of the mark Nirosta.

The company obtained 2002/ 2003 a conversion of 36.1 billion euro and a result before taxes of 714 million euro in the financial year. Largest division was here ThyssenKrupp Steel with 12 billion euro conversion and scarcely 50,000 persons employed. In the financial year 2003/2004 doubleditself the profit before taxes on 1,58 billion euro during an increase in sales on 39,3 billion euro. Here the commitments could be lowered of 4,2 to 2,8 billion euro. In the financial year run off 2004/05 a profit before taxes of 1,836 billion euro was gained and it could the commitments of the company on zero lowered, which in relation to the undercapitalization for many decades and indebtedness of Thyssen and Krupp a large business achievement is.

Those altogether 184,980 coworkers distribute themselves on 670 private firms world-wide (conditions: 31. December 2005). The staff-strongest locations are Duisburg, Dortmund, Bochum, Hamburg and Krefeld.

Table of contents

predecessor enterprises

Thyssen AG

the Thyssen AG decreases/goes back on a conglomerate of private firms, which August Thyssen created starting from 1867, but in particular due to thatprivate situation only briefly before his death into a company combined. Quintessential point of the conglomerate was the hut bill trade union of German emperors. 1926 brought his son Fritz Thyssen substantial parts of the company into the united steel plants AG . After the united steel plants after the Second World Warliquidated and to 1949 if the Thyssenhütte dismantled was, August Thyssen hut AG was again created in the year 1953. Thyssen of 92,200 coworkers employs and gains 1972 an annual turnover of 9,8 billion DM. 1977 took place after the assumption the Rhine steel AG renaming in Thyssen AG.

Friedrich Krupp AG Hoesch Krupp

the Friedrich Krupp AG Hoesch Krupp was a German industrial enterprise, which originated in to 1992 from the Friedrich Krupp AG and the Hoesch AG: by hostile takeover of the majority of the Hoesch AG by the Krupp company. This procedure was at that time first inGermany; hostile takeovers were before only well-known from the anglo-saxon area.

fusion Thyssen and Krupp

Blick auf das ThyssenKrupp-Gelände bei Duisburg-Bruckhausen
view of the ThyssenKrupp area when Duisburg bridging living

in the middle of March 1997 tried the Friedrich Krupp AG Hoesch Krupp in meal, the substantially larger Thyssen company in Duesseldorf in the course of a hostileTo actually bind assumption. This was nearly successfully, at least had one the financing ready for the purchase of the Thyssen stock majority. By an indiscretion in Düsseldorfer bank circles the project became however ruchbar before completion. It came then to protests and demonstrations of the Thyssen staff, among other things of round30,000 employees in Frankfurt/Main before that main building of the German bank. By the substantial protests Krupp Hoesch and Thyssen negotiations led across a common steel company. To operatingconditioned notices it should not come, probably however to the dismantling of 6.600 of the 23,600 existing jobs up to the year2001. To long and hard arguments it came to the pool of the steel ranges into the ThyssenKrupp steel AG to the 1. April 1997. At the 1. Septembers 1997 quit executive committees and supervisory boards of both industrial trusts to 4. November 1997 their total fusion on.

At all these procedures had both Gerhard Cromme, and Berthold Beitz relevant portion, on Thyssen side Dieter bird, which itself however not when new boss for the fused company could set up let. The reason sat down through against all reservations of old competition: In order to be successful in the international steel business,it requires a minimum size, which could apply neither Thyssen nor Krupp before alone.

Hoesch AG

the Hoesch AG was a stealing and a Montanunternehmen with locations in the Ruhr district as well as in the winner country. 1871 were created it by the Dürener entrepreneur Leopold Hoesch in Dortmund. 1899 took over Hoesch the bill Westfalia with the associated coking plant emperor chair. 1930 fused the enterprise with the Cologne Neuessener mine association, 1966 with Dortmund-Hörder hut union. From 1972 to 1982 Hoesch as well as the Netherlands steel concern Hoogovens formed the Estel - company.

Friedrich KruppGmbH

Krupp "Titan" Lastwagen in Südwerke-Ausführung
Krupp “titanium” truck in south work execution

the Friedrich Krupp GmbH (phasenweise also an AG) goes back on the steeped in tradition exempt private company of the family Krupp. Friedrich Krupp created later 1811 in meals an iron foundry and a steel plant, the end 19. Century to the largestArms company of Germany became and weapons for both world wars supplied. Due to this meaning Krupp exerted large influence on the German policy, in particular at the time of the national socialism. After 1945 Alfried Krupp was condemned of planks and halfoh therefore as a war criminal, the company continued to exist however. To 1968 were Krupp also an important manufacturer of truck in Germany (between 1946 and 1954 however the label name of “south works” used).

further one historical company enterprises

other one active company enterprises and participation

recent acquisitions

in the steel industry will come it in the future to larger fusions. ThyssenKrupp wanted to take over as white knights the Canadian steel concern Dofasco. Since also the of Luxembourg company Arcelor interest in the Canadian enterprise showed, kindleditself a Bieterschlacht, in which ThyssenKrupp last offered 68 euro per share. Arcelor gave thereupon a requirement of 71 euro per share off. ThyssenKrupp did without a higher offer. The largest steel concern of the world, the Indian Netherlands Mittal Steel, put again a bid forArcelor forwards and agreed upon at the same time the resale of Dofasco at ThyssenKrupp to 68 euro per share. With it ThyssenKrupp its position in North America can strengthen crucially. The purchase price is settled from liquid means without a capital increase.

see also

persons

Hoesch

Krupp

Thyssen

Howaldt

other

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