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Thyssen Acquisition Corp. history
Thyssen Acquisition Corp. company history timeline
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.
The takeover of VDM Nickeltechnologie AG in 1989 expands the group's range of high-alloy stainless steels.
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.
Krupp GmbH acquires shares in Hoesch AG from 1991.
Krupp AG on December 8, 1992.
1992 – Merger of Fried.
The steel activities of Krupp Stahl and Hoesch Stahl are combined in Krupp Hoesch Stahl effective January 1, 1993.
A radical measure in the following years: The closure of the almost 100-year-old Rheinhausen plant in 1993.
1995 – Collaborations between Thyssen and Krupp in the field of steel
August Thyssen-Hütte, which is shortened to Thyssen Aktiengesellschaft in 1997.
1997 – Merger of the quality steel flat business areas of Krupp and Thyssen to form Thyssen Krupp Stahl AG
In 1998 Thyssen purchases the elevator business of Dover Elevators (USA), the market leader for hydraulic elevators in North America.
1999 – Milestone in flat steel development: Casting rolling line
From the desire to operate “environmental protection for the eyes”, new buildings of ThyssenKrupp Steel Europe have been designed in color since the year 2000.
Until 2001 ThyssenKrupp AG contributes around DM152.3 million to the compensation fund.
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.
thyssenkrupp launches the “Discovering future technology” initiative in 2004 against the background of an increasing shortage of young people in technical professions.
In 2005 ThyssenKrupp acquired Howaldtswerke-Deutsche Werft (HDW) in Kiel from One Equity Partners.
In October 2006 ThyssenKrupp sold ThyssenKrupp Budd’s North American body and chassis operations to Martinrea International Inc.
The world steel industry peaked in 2007. just as the company spent $12 billion to build the two most modern mills in the world, in Alabama and Brazil.
In 2007, blast furnace 8 is put into operation in Duisburg.
Effective October 1, 2009 ThyssenKrupp implements a new organizational structure to better respond to business challenges.
In December 2010, Thyssen Krupp Steel Europe received the “Corporate Health Award” in the “Heavy Industry and Mechanical Engineering” category for its exemplary health management.
The company announced that the investment was increased to $4.6 billion in 2010.
On November 20, 2011, the 200th anniversary of Krupp is marked by a ceremony at Villa Hügel.
The company projects to be fully operational in late 2011 and employ approximately 1,800 people at that time.
The company projects it will employ approximately 900 people when fully operational in late 2012.
In accordance with its statutes the foundation has the task of using the funds it receives to serve "directly charitable purposes". Until his death in 2013 the Chairman of the foundation´s Board of Trustees is Berthold Beitz.
On February 26, 2014, ThyssenKrupp sold their Calvert carbon steel facility to ArcelorMittal and Nippon Steel for $1.55 billion.
With the successful closing on July 31, 2020, another important milestone in the initiated transformation of the company into a powerful “Group of Companies” is accomplished.
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