Thyssen AG
Steel | |
Founded | 1891Hamborn, Prussia, Rhine Province, Germany | in
---|---|
Founders | August & Joseph Thyssen |
Defunct | 1999 |
Fate | Acquisition by Krupp |
Successor | ThyssenKrupp |
Headquarters | , Germany |
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.
History
On 29 September 1891,
).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
On 4 April 1926,
The
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 (
In the 1960s, the company also formed cooperative alliances with companies such as
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
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
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.[3]
Gallery
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Thyssen steelworks in Duisburg (1988)
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Bond of the Thyssen & Co. AG, issued February 1922
References
- ^ "Thyssen AG concentration on group management functions - Bonn Republic - ThyssenKrupp AG". www.thyssen.com.[permanent dead link]
- ^ "ThyssenKrupp AG officially registered - Pastures new - ThyssenKrupp AG". www.thyssen.com. Archived from the original on 2016-08-22. Retrieved 2010-09-18.
- ^ Rivituso, Christopher (19 February 2021). "ThyssenKrupp ends talks with Liberty Steel over potential steel unit takeover". MetalMiner.
Sources
- "History – thyssenkrupp AG". www.thyssen.com.
- Helmut Uebbing (1991). Wege und Wegmarken. 100 Jahre Thyssen (in German). Siedler Verlag, Berlin. ISBN 3-88680-417-8.
- Wilhelm Treue (1966). Die Feuer verlöschen nie - August Thyssen-Hütte 1890-1926 (in German). Econ-Verlag Düsseldorf und Wien.