ThyssenKrupp

ThyssenKrupp AG
Company typeAktiengesellschaft
FWBTKA
ISINDE0007500001 Edit this on Wikidata
IndustryConglomerate
Predecessors
Founded17 March 1999; 25 years ago (1999-03-17)
Headquarters,
Germany[1]
Area served
Worldwide
Key people
Executive board:
Miguel Ángel López Borrego
(CEO),
Oliver Burkhard,
Johannes Dietsch,
Jens Schulte
Supervisory board:
Siegfried Russwurm (Chairman)[2]
ProductsSteel, stainless products, automotive technologies, plant technologies, marine systems, shipbuilding, firearms
RevenueIncrease €41.140 billion (2022)
Increase €5.660 billion (2022)[3]
Increase €1.220 billion (2022)[3]
Total assetsIncrease €37.492 billion (2022)[3]
Total equityIncrease €14.742 billion (2022)[3]
Owners
Number of employees
103,598 (2020)[3]
Subsidiaries[3]
Websitethyssenkrupp.com

ThyssenKrupp AG (/ˈtɪsən.krʊp/, German: [ˈtʏsn̩ˌkʁʊp]; stylized as thyssenkrupp) is a German industrial engineering and steel production multinational conglomerate. It resulted from the 1999 merger of Thyssen AG and Krupp and has its operational headquarters in Duisburg and Essen. The company says that it is one of the largest steel producers in the world, and it was ranked tenth-largest worldwide by revenue in 2015.[5] It is divided into 670 subsidiaries worldwide. The largest shareholders are the Alfried Krupp von Bohlen und Halbach Foundation and Cevian Capital.[6] ThyssenKrupp's products range from machines and industrial services to high-speed trains, elevators, and shipbuilding. The subsidiary ThyssenKrupp Marine Systems also manufactures frigates, corvettes, and submarines for the German and foreign navies.

In 2018, ThyssenKrupp announced that the company would split into two companies, ThyssenKrupp Industrials and ThyssenKrupp Materials, but this plan was cancelled in May 2019.[7]

  1. ^ "Press release – Press releases – thyssenkrupp AG". Thyssenkrupp.com. 3 December 2014. Archived from the original on 3 March 2016. Retrieved 5 April 2009.
  2. ^ "Management". Thyssenkrupp.com. 6 October 2019.
  3. ^ a b c d e f "Thyssenkrupp Subsidiaries 2019" (PDF). Retrieved 7 April 2023.
  4. ^ "Shareholder structure". 4-traders.com.
  5. ^ "The world's largest steel companies in 2015, based on revenue" Statista
  6. ^ "THYSSENKRUPP (TKA)". www.4-traders.com. Retrieved 19 July 2018.
  7. ^ Bender, Ruth (10 May 2019). "Thyssenkrupp Abandons Planned Split, Pursues Elevator-Unit IPO". Wall Street Journal. ISSN 0099-9660. Retrieved 16 May 2019.