ThyssenKrupp

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ThyssenKrupp AG

Type	Public (ISIN: DE0007500001, FWB: TKA, LSE: THK)
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	$48.489 billion USD (2004)
Employees	183,729 (2005)
Website	www.thyssenkrupp.com

ThyssenKrupp AG (ISIN: DE0007500001) is a very large German industrial conglomerate, with about 184,000 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 AG 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.

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 AG in Kiel from One Equity Partners. ThyssenKrupp Marine Systems (TKMS) is now the most important European group of shipbuilders. In addition to Howaldtswerke, Blohm + Voss in Hamburg as well as Nordseewerke at Emden are also subsidiaries of ThyssenKrupp Marine Systems. 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%.

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.