| ThyssenKrupp AG | |
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| Type | Public (ISIN: DE0007500001, FWB: TKA, LSE: THK) |
| Founded | 1860 |
| Headquarters |  Essen, Germany & Duisburg, Germany |
| Key people | Dr. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc An International Securities Identifying Number (ISIN uniquely identifies a security. The Frankfurt Stock Exchange ( FWB Frankfurter Wertpapierbörse) is a Stock exchange located in Frankfurt, Germany. The London Stock Exchange or LSE is a Stock exchange located in London, England. Year 1860 ( MDCCLX) was a Leap year starting on Sunday (link will display the full calendar of the Gregorian Calendar (or a Leap year starting Essen (ˈɛsən is a City in the center of the Ruhr Area in North Rhine-Westphalia, Germany. Duisburg (ˈdyːsbʊɐ̯k is a German city in the western part of the Ruhr Area ( Ruhrgebiet) in North Rhine-Westphalia. Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. Ekkehard D. Schulz, Chairman of the Executive Board Dr. Gerhard Cromme, Chairman of the Supervisory Board |
| Industry | Steel Capital Goods Engineering |
| Products | Steel, stainless products (Nirosta), automotive technologies, elevator systems, marine systems, ship-building, services |
| Revenue | ▲€47 billion in 2006 |
| Net income | ▲$1. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Steel is an Alloy consisting mostly of Iron, with a Carbon content between 0 Engineering is the Discipline and Profession of applying technical and scientific Knowledge and In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. 227 billion USD (2005) |
| Employees | 188,000 (est. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Employment is a Contract between two parties, one being the employer and the other being the employee. ) (2006) |
| Website | www.thyssenkrupp.com |
ThyssenKrupp AG (ISIN: DE0007500001) is a large German industrial conglomerate, with about 192,000 employees. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Aktiengesellschaft ('aktsiəngəzεlʃaft 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. Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" A conglomerate is a large Company that consists of seemingly unrelated Business sections The corporation consists of 670 single companies worldwide. ThyssenKrupp is one of the world's largest steel producers. Steel is an Alloy consisting mostly of Iron, with a Carbon content between 0 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). An elevator or lift is a Transport device used to move people or goods vertically from one floor to another The automotive industry is the industry involved in the design development manufacture marketing and sale of Motor vehicles In 2007 more than 73 million motor vehicles The services sector provides tailor-made materials, environmental services, mechanical engineering, and scaffolding services. Scaffolding is a temporary framework used to support people and material in the construction or repair of buildings and other large structures The company is the result of the 1999 merger of Thyssen and Krupp. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) The Krupp family, a prominent 400-year-old German dynasty from Essen, have become famous for their Steel production and for their manufacture of It is registered in Essen and Duisburg (both Germany). Essen (ˈɛsən is a City in the center of the Ruhr Area in North Rhine-Westphalia, Germany. Duisburg (ˈdyːsbʊɐ̯k is a German city in the western part of the Ruhr Area ( Ruhrgebiet) in North Rhine-Westphalia. As of 2005 23. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. 58% of the company shares are held by the Alfried Krupp von Bohlen und Halbach Foundation. Alfried Felix Alwyn Krupp von Bohlen und Halbach ( August 13, 1907 &ndash July 30, 1967) often referred to as Alfried Krupp,
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Products and sales
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.
Mergers and acquisitions
ThyssenKrupp itself is the result of the 1999 merger of Thyssen and Krupp. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) The Krupp family, a prominent 400-year-old German dynasty from Essen, have become famous for their Steel production and for their manufacture of In 2005, ThyssenKrupp acquired Howaldtswerke-Deutsche Werft (HDW) in Kiel from One Equity Partners. Howaldtswerke-Deutsche Werft (often abbreviated HDW) is a German Shipbuilding company headquartered in Kiel. For the city in the United States, see Kiel Wisconsin. For the name see Kiel (name. ThyssenKrupp Marine Systems (TKMS) is now the most important European group of shipbuilders. ThyssenKrupp Marine Systems of Germany (often abbreviated TKMS) is a group of providers of naval vessels Surface ships and Submarines It was See also Shipbuilding (song. Shipbuilding is the construction of Ships It normally takes place in a specialized facility known as a In addition to HDW, Blohm + Voss in Hamburg as well as Nordseewerke at Emden are also subsidiaries of TKMS. Blohm + Voss is a German shipbuilding and engineering works It was founded on April 5, 1877, by Hermann Blohm and Ernst Voss as a Hamburg (English, German: ˈhambʊɐk local pronunciation Low German / Low Saxon: Hamborg) is the second-largest city in Germany Nordseewerke (sometimes abbreviated NSWE) is a Shipbuilding company located in Emden, Germany. Emden is a City and Seaport in the northwest of Germany, on River Ems. One Equity Partners holds 25% of the TKMS shares.
In December 2005, ThyssenKrupp acquired 60% of Atlas Elektronik from BAE Systems, with EADS acquiring the remaining 40%. Atlas Elektronik GmbH is a naval/marine electronics and systems business based in Bremen, Germany. BAE Systems plc (BAE is a British defence and aerospace company headquartered in Farnborough, England, that has global interests particularly The European Aeronautic Defence and Space Company EADS NV ( EADS) is a large European aerospace corporation formed by the merger on July 10,
New Plant
On May 11, 2007, ThyssenKrupp announced an investment of 3. 1 billion euros (US$4. 19 billion) for a new steel processing facility in southern Alabama. Alabama (formally the State of Alabama;) is a State located in the southern region of the United States of America. [1] 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, in Mobile County, about 30 miles north of Mobile. Convent (Couvent is an unincorporated community in and the Parish seat of St The Tombigbee River is a tributary of the Mobile River, approximately 400 mi (644 km long in the U Mount Vernon is a town in Mobile County, Alabama, United States. Mobile County is a County of the US state of Alabama. Its name is in honor of a tribe of Indians, the Maubila tribe (see Mobilian 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.
Controversies
Price Fixing
In November 2006, five lift manufacturers, including ThyssenKrupp, were found guilty of price fixing by the EU, over 9 years,[2] along with Otis Elevator Co., Schindler Group, Kone Oyj and Mitsubishi Elevator Europe. The European Union ( EU) is a political and economic union of twenty-seven member states, located primarily in The Otis Elevator Company is the world's largest manufacturer of vertical transportation systems today principally Elevators and Escalators Founded in Yonkers The Schindler Group is the largest manufacturer of Escalators and the second largest manufacturer of Elevators Schindler installs and maintains elevators and escalators The, Mitsubishi Group of Companies, or Mitsubishi Companies is a Japanese conglomerate consisting of a range of autonomous businesses which share the Mitsubishi A few months later on February 21, 2007, ThyssenKrupp was fined US$629 million (479 million euros) by the EU (Otis was fined $295 million). [2] The EU Competition Commission reported that the companies had worked to rig bids for procurement contracts, share markets, and fix prices between at least 1995 and 2004. [2] The Commission reported that the companies "did not contest the facts" found by EU regulators, noting none of the accused requested a hearing to answer the allegations; the total fines of US$1. 3 billion were viewed as an effort by EU Competition Commissioner Neelie Kroes to wipe out cartels. Neelie Kroes (born 19 July 1941 in Rotterdam, Zuid-Holland) is a Dutch Politician and Businessperson. A cartel is a formal (explicit agreement among firms Cartels usually occur in an oligopolistic industry, where there is a small number of sellers and usually involve [2]
Deaths
On December 6, 2007, a fatal fire accident inside a plant in Turin, Italy caused the death of seven steelworkers. Italy (Italia officially the Italian Republic, (Repubblica Italiana is located on the Italian Peninsula in Southern Europe, and on the two largest It seems that a damaged manifold bursted and showered the workers with flaming coolant oil; they tried to extinguish the flames with water, creating a flash fire. [3] The Italian magistrates are still examining the causes of the fire, with workers describing slack safety measures to investigators. During the investigations, a document was seized from Harald Espenhahn (CEO of the Italian division of Thyssenkrupp). The document states that the only survivor should be taken to court, because he is accusing Thyssenkrupp in television. The document also states that the fire was due to the fact that the workers were distracted. [4] The accident happened after four hour of overtime and when the workers have tried to use some extinguishers around, they found those depleted. The day after a technician filled every extinguisher in the factory, as he told to judges[5]
See also
Notes
- ^ ThyssenKrupp Supervisory Board gives green light to steel mill in the USA
- ^ a b c d "Elevator makers fined $1. A conglomerate is a large company that consists of diverse divisions Transrapid is a German high-speed monorail train using magnetic levitation. The South African Arms Deal was a US$48 billion (R30 billion in 1999 rands purchase of weaponry by the South African Government finalised in 1999 which has become heavily tainted 3B for price-fixing" (news), Purchasing. com - Reed Business Information, Feb. 2007, webpage: Purchcom-8053.
- ^ [1] (Italian)
- ^ La Thyssen contro il sopravvissuto "Lo denunceremo" (Italian)
- ^ [2] (Italian)
External links
- ThyssenKrupp corporate website
- ThyssenKrupp AG on ThyssenKrupp base
- One Equity Partners
- ThyssenKrupp in other countries:
- Brazil: ThyssenKrupp Elevadores
- Poland: ThyssenKrupp GfT Polska Sp. z o.o.
- United Kingdom (Elevators): ThyssenKrupp Elevator UK
- History of the company logo
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