|Founded||1891Hamborn, Prussia, Rhine Province, Germanyin|
|Founders||August & Joseph Thyssen|
|Fate||Acquisition by Krupp|
|Products||Iron, steel, stainless products, shipbuilding, elevators|
Thyssen was a major German steel producer founded by August Thyssen. The company merged with Friedrich Krupp AG Hoesch-Krupp to form ThyssenKrupp in 1999.
On 29 September 1891, August Thyssen and his brother Joseph Thyssen came to be in possession of all shares of Gewerkschaft Deutscher Kaiser, a coal mining company. On 17 December 1891, the steelworks of the same company opened in Hamborn (today part of Duisburg).
Subsequently, the plant was modernized and expanded by August Thyssen, becoming a vertically integrated company producing iron and steel and manufacturing ships, machines etc.
After the First World War came the occupation of the Ruhr and the loss of many foreign interests; however the company remained viable.
On 4 April 1926, August Thyssen died; his son, Fritz Thyssen became chairman of a new group Vereinigte Stahlwerke AG (United Steelworks) which was formed by a consortium of companies, with Thyssen representing 26% of the company's value. In 1934, August Thyssen-Hütte AG was founded as part of the new group.
The Nazi rearmament policy and subsequent war made the plants essential to the war economy. After the end of World War II, the Allies ordered the company to be liquidated and in 1953 a new company, also named August Thyssen-Hütte AG, was formed in Duisburg. The other mills of the company in Duisburg became legally independent entities; in the 1950s and 1960s they were reintegrated into the Thyssen group. However, the mining division was not reconglomerated; thus Thyssen became largely a steel company.
In 1954/55, the group focused on acquisitions to restore the vertical integration by acquiring mining concerns.
Further companies were acquired: Niederrheinischen Hütte AG in 1956, Deutschen Edelstahlwerke AG in 1957, Phoenix-Rheinrohr AG (metallurgical works and mills), and Hüttenwerk Oberhausen AG in 1968. The product range included steel sections and flat steel in all grades, including high-alloy steel. By the mid 1960s, August Thyssen-Hütte AG was Europe's largest crude steel producer, and the fifth largest in the world.
In the 1960s, the company also formed cooperative alliances with companies such as Mannesmann AG. By 1972, it employed 92,200 people and generated annual sales of 9.8 billion DM.
In 1973, the company acquired Rheinstahl AG, which was mainly a manufacturing company. This takeover reduced the company's dominance in the steel industry and converted it to a conglomerate. In 1977, the company became Thyssen AG, with Rheinstahl AG already having been renamed Thyssen Industrie AG in 1976.
In 1983, Thyssen Stahl AG was spun off. During the 1980s, talks on a merger between Thyssen Stahl AG and Krupp Stahl AG took place. An alliance did not take place at that time, but there began cooperation on certain business areas (tinplate, electrical steel, and stainless steel).
In 1997, the flat steel production divisions of both groups were merged to form Thyssen Krupp Stahl AG.
On 17 March 1999, a new group formed by the merger of Thyssen and Krupp was registered, and on 23 October the merger took place, forming Thyssen-Krupp AG (TK).That same year, they acquired the elevator division of American-based conglomerate Dover Corporation.
It was revealed in February 2021 when Liberty Steel Group proposed to take over from TK the Thyssen plant in Duisburg, that it can produce 13 million metric tons per year of crude steel, from four blast furnaces and two redox furnaces. "The plant casts slab for rolling into hot and cold rolled coil, as well as plate." TK lost €960 million in 2020 and had sought to offload this asset, which it values at €1.5 billion. The discussions failed because Liberty wanted TK to pay money for the privilege of losing the Duisburg plant from its balance sheet.
Outokumpu Oyj is a group of international companies headquartered in Helsinki, Finland, employing 10,600 employees in more than 30 countries. Outokumpu is the largest producer of stainless steel in Europe and the second largest producer in the Americas. Outokumpu also has a long history as a mining company, and still mines chromium ore in Keminmaa for use as ferrochrome in stainless steel. The largest shareholder of Outokumpu is the Government of Finland, with 26.6% ownership, including the shares controlled by Solidium, The Social Insurance Institution of Finland, Finnish State Pension Fund and Municipality Pension Agency.
ThyssenKrupp AG is a German multinational conglomerate with focus on industrial engineering and steel production. It is the result of the 1999 merger of Thyssen AG and Krupp and has its operational headquarters in Duisburg and Essen. The company claims to be one of the world's largest steel producers; it was ranked tenth-largest worldwide by revenue in 2015. It is divided into 670 subsidiaries worldwide. The largest shareholders are Alfried Krupp von Bohlen und Halbach Foundation and Cevian Capital. Alfried Krupp von Bohlen und Halbach was later convicted of crimes against humanity.
Tata Steel Europe Ltd. is a steelmaking company headquartered in London, United Kingdom, with its main operations in the United Kingdom and the Netherlands.
Voestalpine AG – stylized as voestalpine – is an Austrian steel-based technology and capital goods group based in Linz, Austria. The company is active in steel, automotive, railway systems, profilform and tool steel industries. As of 2017, it is one of the few profitable steel companies in Europe.
August Thyssen was a German industrialist.
ArcelorMittal S.A. is a Luxembourgish multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. ArcelorMittal is the world's largest steel producer, with an annual crude steel production of 92.5 million metric tonnes as of 2018. It is ranked 120th in the 2019 Fortune Global 500 ranking of the world's largest corporations.
Estel was a steel company formed by the merging of Koninklijke Hoogovens IJmuiden steel plant and Hoesch's main steel plant in Dortmund. The company existed from 1972 to 1982 until de-merged.
The Vereinigte Stahlwerke AG was a German industrial conglomerate producing coal, iron, and steel in the interbellum and during World War II.
Salzgitter AG is a German company, one of the largest steel producers in Europe with an annual output of around seven million tonnes.
Dillinger Hütte is a steel producer in Dillingen, in the German Federal State of Saarland, and has a history stretching back more than three hundred years. The plant was founded in 1685, and was Germany's first Aktiengesellschaft, or joint stock company (1809). The first continuous-caster for slabs in the world was commissioned in Dillingen in 1962. A further machine, permitting casting of slabs of up to 400 mm in thickness - the thickest produced anywhere in the world at that time - was added, along with other new facilities, in 1998. In 2010, Dillinger Hütte successfully produced the first 450 mm thick slab - another world record. The principal equipment in the rolling mill now takes the form of two four-high stands, of which one is currently the largest in the world, with an effective rolling width of 5.5 m and a rolling pressure of 110 MN.
The state of Alabama has invested in aerospace, education, health care, banking, and various heavy industries, including automobile manufacturing, mineral extraction, steel production and fabrication. By 2006, crop and animal production in Alabama was valued at $1.5 billion. In contrast to the primarily agricultural economy of the previous century, this was only about 1% of the state's gross domestic product. The number of private farms has declined at a steady rate since the 1960s, as land has been sold to developers, timber companies, and large farming conglomerates.
The Eisenbahn und Häfen GmbH is a service company providing rail transportation and associated storage as well as operating the Rhine ports of Schwelgern and Walsum-Süd.
Otto Wolff AG was a German steelmaker founded in Cologne by the industrialists Otto Wolff and Ottmar E. Strauß in 1904. One of the largest businesses in pre-war Germany, it exists today as an independent subsidiary of the ThyssenKrupp group.
Calvert is an unincorporated community and census-designated place in Mobile and Washington counties, Alabama, United States. It is located in the extreme northeastern corner of the county near the Tombigbee River, along U.S. Route 43. As of the 2010 census, its population was 277.
XERVON GmbH is a multinational company specialized in providing technical services for building and maintaining industrial facilities as well as for a wide range of construction projects with headquarters in Cologne, Germany.
Liberty Steel Group Holdings UK Ltd (LHG), which is also referred to as Liberty House or Liberty House UK, is a British industrial and metals company founded in the United Kingdom in 1992 by industrialist Sanjeev Gupta. It is headquartered in London, England, and has global hubs in Dubai, Singapore and Hong Kong. The holding company of Liberty Steel, Liberty House Group PTE Ltd is based in Singapore. The company focuses on ferrous and non-ferrous metal trading, metals recycling, steel and aluminium production, and engineering products and services. Gupta controls it through his vehicle GFG Alliance.
ArcelorMittal Bremen is a steelworks on the banks of the River Weser in Bremen, Germany.
The Zapp Group is an international group of companies in the field of metal working based in Ratingen, Germany. The group's lead company is the Zapp Precision Metals GmbH in Schwerte and Unna, Germany. The group is a leading manufacturer of metallic precision semi-finished products and specialized in cold forming of stainless steel, titanium, carbon steel and special materials to strip, wire, rod, and profile.
VDM Metals Group based in Werdohl, Germany, is a manufacturer of corrosion-resistant, heat-resistant and high-temperature nickel alloys, cobalt and zirconium alloys as well as high-alloyed special stainless steels. These materials are used in the chemical process industry, the oil and gas industry, aerospace, automotive and electronics / electrical engineering. VDM Metals operates production sites in Germany and the United States. The company employs about 2,000 people worldwide.
|Wikimedia Commons has media related to Thyssen .|
| genre = | fate = | predecessor = | successor = ThyssenKrupp AG | foundation = 1891, Hamborn, Prussian Rhine Province, Germany
| founders =
| defunct = 1999 | location_city = Essen | location_country = Germany | location = | locations = | area_served = | key_people = | industry = | products = Iron, steel, stainless products, shipbuilding, elevators | services =