Thyssenkrupp - 10 things to know with detail
- 1. Thyssenkrupp is a German multinational conglomerate with a focus on industrial engineering and steel production.
- 2. The company was founded in 1999 through the merger of Thyssen AG and Krupp, two prominent German industrial firms.
- 3. Thyssenkrupp operates in various sectors including elevator manufacturing, automotive technology, plant construction, and materials services.
- 4. The company is known for its expertise in elevator technology and is one of the world's leading elevator manufacturers.
- 5. Thyssenkrupp is also a major player in the automotive industry, supplying components and systems to car manufacturers around the world.
- 6. The company has faced financial challenges in recent years, leading to restructuring efforts and divestments of certain business units.
- 7. Thyssenkrupp has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact, such as energy efficiency improvements and waste reduction programs.
- 8. The company has a global presence, with operations in over 80 countries and a workforce of around 158,000 employees.
- 9. In recent years, Thyssenkrupp has faced criticism for its safety record, with several workplace accidents leading to injuries and fatalities.
- 10. Despite its challenges, Thyssenkrupp remains a key player in the global industrial sector and continues to innovate in areas such as digitalization and renewable energy technologies.