Introduction
ThyssenKrupp AG is a leading German industrial powerhouse. It is one of the world’s largest steelmakers and engineering firms, with operations in more than 80 countries. The company is known for its high quality and reliable products and services, and its commitment to innovation. It is a leader in the fields of automotive, aerospace, energy, and infrastructure.
History
ThyssenKrupp AG was founded by Friedrich Krupp in 1811 as a steelmaking firm. In 1967, it merged with Friedrich Krupps rival, Thyssen AG, creating a single, powerful German steelmaking and engineering giant. In 1999, the merger was completed and ThyssenKrupp AG was formed.
Over the next decade, the company focused on expanding its global reach and diversifying its business. It increased its presence in the United States, and made strategic acquisitions in the aerospace, automotive, energy, and consumer products industries.
Today, ThyssenKrupp AG is one of the world’s leading industrial companies and offers a wide range of products. It has more than 160,000 employees worldwide and reported revenues of over €40 billion in 2018.
Components
ThyssenKrupp AG is divided into four main components. The components are Automotive, Materials, Technologies, and Services.
The Automotive component is responsible for the company’s automotive-related business. It includes companies like ThyssenKrupp Bilstein and other components manufacturers.
The Materials component includes its steel production operations, as well as its subsidiaries, such as Lechler GmbH and ThyssenKrupp Steel. It also produces specialty metals and alloys, as well as nonferrous metals.
The Technologies component provides the technology, products, and services needed to create solutions to meet customer needs. This component of the company is responsible for research and innovation. Examples of Technologies products and services include specialty chemicals, lubricants, and plastics.
Finally, the Services component provides services related to transportation, logistics, IT, and energy. These services can help customers reduce their costs and increase efficiency.
Products and Services
ThyssenKrupp AG produces a wide range of products such as custom component solutions for the automotive, construction, and industrial sectors. The company also produces a wide range of steel and non-steel products. Examples include steel plates and sheets, special steel bars, wire rods, and special steel flat products.
The company’s services also allow customers to create solutions that meet their needs. Examples include design and engineering services, customized solutions for manufacturing processes, and global supply chain management solutions.
Conclusion
ThyssenKrupp AG is a leading German industrial powerhouse. The company produces a wide range of products and services and has a presence in more than 80 countries. With a focus on innovation and quality, ThyssenKrupp AG is well-positioned to continue to be a leader in the global market.
