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Thysse company history timeline

1941

1941 The GarageArmed with one second-hand press, John Thysse began a small print shop out of a garage on Buell Street on Madison’s East side.

1942

The 80 cm railgun "Dora", completed by Krupp in 1942, is the largest gun ever built, but is militarily outdated in view of the means of aerial warfare.

1943

Since 1943 British and American air strikes on the Krupp and Thyssen plants increase massively.

1945

The Thyssenhütte iron and steel mill is finally brought to a standstill after the air raid of January 22, 1945.

1945 Winnebago StreetOur small operation quickly gained community recognition and outgrew the garage so Thysse made our first move to Winnebago Street.

1947

On October 16, 1947 it is officially announced that the Thyssenhütte mill is also to be dismantled as part of the Allied policy to reduce Germany's industrial potential and compensate the countries particularly affected by the Second World War.

1949

The Petersberg Agreement of November 22, 1949 signals the end of dismantling for many western German firms, including Thyssenhütte.

1951

As part of a general amnesty, the convicts are released from prison in January 1951 by decision of the American High Commissioner for Germany, John McCloy.

The first blast furnace is blown in on May 7, 1951, and in the same year an open-hearth furnace restarts production.

1953

As part of the break-up of the western German coal and steel sector Thyssenhütte is split off from the Vereinigte Stahlwerke AG group and reestablished on May 2, 1953 as August Thyssen-Hütte AG; the new company receives only the assets of Thyssenhütte.

1955

In 1955 the first hot wide strip mill installed in Germany after the war goes into operation, becoming the central facility in Thyssen's production, now focused on flat steel.

1956

The company broadens its product range in 1956 by combining with Niederrheinische Hütte AG, a producer of wire rod and bar with considerable wire processing interests.

1968

The "Alfried Krupp von Bohlen und Halbach Foundation" commences work on January 1, 1968.

1973

The acquisition of Rheinstahl AG in 1973 broadens the business base and at the same time reduces dependency on the cyclical steel sector.

Plans to produce steel at different places around the world and process it in Duisburg are abandoned after the 1973 oil crisis.

In 1973 a new large-scale production site is built in Neuhausen an der Fildern near Stuttgart.

1980

Krupp Stahl AG, founded in 1980, is the holding company for all steel operations within the Group.

1985

After closure of the operation in 1985, the blast furnace plant is converted into a landscape park under the IBA Emscherpark project and private initiatives.

1990

The joint venture Hüttenwerke Krupp Mannesmann GmbH Duisburg, established in 1990 by Krupp Stahl AG and Mannesmannröhren-Werke AG - in which each hold equal shares - supplies both parent companies with semi-finished products for the manufacture of flat steel products and tubes.

1992

Krupp AG on December 8, 1992.

1993

The steel activities of Krupp Stahl and Hoesch Stahl are combined in Krupp Hoesch Stahl effective January 1, 1993.

Acquired by the Spanish state in 1993, the privately assembled Thyssen-Bornemisza Collection was designed from the outset to be as broad-ranging as that of a museum.

1997

They commence talks on further cooperation in August 1997 after establishing a joint flat carbon steel company.

2001

Until 2001 ThyssenKrupp AG contributes around DM152.3 million to the compensation fund.

2004

thyssenkrupp launches the “Discovering future technology” initiative in 2004 against the background of an increasing shortage of young people in technical professions.

Right on schedule on New Year’s Eve in 2002 the Transrapid departs the terminal in Shanghai for the first time. It links Pudong airport with Shanghai and begins permanent operation in 2004.

2007

The global financial and economic crisis which began in 2007 also hits ThyssenKrupp hard.

2008

To counter the crisis, the company adopts an extensive program of measures which reduces costs by significantly more than €1 billion in fiscal 2008/09 alone.

2009

2009 G3: Jason Takes the HelmFollowing in his father’s and grandfather’s footsteps, Jason purchased the business in 2009.

2010

On June 17, 2010 architect Philippe Chaix symbolically hands over the keys to the new Quarter in Essen at a ceremony attended by numerous guests (NRW State Premier Jürgen Rüttgers, Prof.

2013

On July 30, 2013 Berthold Beitz, one of the most influential industrialists in post-war Germany, dies aged 99.

2020

2020 Cusick ParkwayIn July of 2020, doors opened on the new Oregon campus uniting all production, design, and fulfillment services under one roof.

2022

©2022 Thyssen-Bornemisza National Museum

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Founded
1941
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Headquarters
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