The biggest industrial company in Essen is thyssenkrupp AG with sales of 42.0 billion euros (2019). thyssenkrupp AG is also part of our list of biggest industrial companies in Germany. The company name combines two well-known names from German industrial history, Thyssen and Krupp. The company is Germany’s biggest steel producer and processor. thyssenkrupp has around 162,000 employees worldwide and is represented in 80 countries around the globe. Its business is organized in five segments: Components Technology, Elevator Technology, Industrial Solutions, Material Services and Steel Europe. This article is based on the unique List of the 1000 largest industrial companies in Germany.
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Steel and steel products for many industrial sectors
thyssenkrupp is a supplier to numerous sectors of industry, including automotive, engineering, mining, metals and construction. The Group in its present form was formed in 1999 through the merger of Friedrich Krupp AG Hoesch-Krupp with Thyssen AG. Both companies stand for the importance of steel production on the Rhine and Ruhr rivers for over 100 years. Their destinies have always been closely linked with politics. After a long listing on the DAX, thyssenkrupp became an MDAX company in 2019. The administrator of the Krupp heritage, the Alfried Krupp von Bohlen und Halbach Foundation, holds almost 21 percent of the Group’s shares, the second largest stockholder with a good 15 percent is a Swedish investment company. The remaining shares are mainly in free float.