Thyssenkrupp AG: Comprehensive Company Profile

Background

Overview

Thyssenkrupp AG is a German multinational conglomerate specializing in industrial engineering and steel production. Formed in 1999 through the merger of Thyssen AG and Krupp, the company operates globally, offering a diverse range of products and services across various industries. Headquartered in Essen and Duisburg, Germany, Thyssenkrupp employs approximately 98,000 people worldwide. In the fiscal year 2023/2024, the company reported sales of €35 billion.

Mission and Vision

Thyssenkrupp's mission is to develop innovative solutions that address future challenges, focusing on climate protection, energy transition, digital transformation, and mobility. The company's vision emphasizes creating long-term value through technological expertise and contributing to a sustainable future.

Primary Area of Focus

The company operates in five main segments:

• Automotive Technology: Supplying components and systems to the automotive industry.

• Decarbon Technologies: Developing solutions for CO₂ reduction and green technologies.

• Materials Services: Providing raw materials and related services.

• Steel Europe: Producing high-grade flat steel.

• Marine Systems: Designing and manufacturing naval vessels and submarines.

Industry Significance

Thyssenkrupp is one of the world's largest steel producers and a leading supplier of industrial components and systems. Its diverse portfolio and global presence make it a significant player in the industrial sector.

Key Strategic Focus

Core Objectives

• Innovation: Developing advanced technologies to meet future industrial challenges.

• Sustainability: Implementing solutions that promote environmental protection and energy efficiency.

• Global Expansion: Strengthening market presence through strategic partnerships and investments.

Specific Areas of Specialization

• Automotive Components: Supplying high-quality parts and systems to the automotive industry.

• Green Technologies: Focusing on CO₂ reduction and sustainable energy solutions.

• Materials Trading: Offering a wide range of raw materials and processing services.

• Steel Production: Manufacturing high-grade flat steel for various applications.

• Naval Systems: Designing and building advanced naval vessels and submarines.

Key Technologies Utilized

• Electrolysis Technology: For green hydrogen production.

• Advanced Steel Processing: Utilizing innovative methods for steel production.

• Automation Solutions: Implementing cutting-edge automation in manufacturing processes.

Primary Markets Targeted

• Automotive Industry: Supplying components to major car manufacturers.

• Energy Sector: Providing solutions for renewable energy and CO₂ reduction.

• Construction and Infrastructure: Supplying materials and technologies for building projects.

• Defense Sector: Offering naval systems and related technologies.

Financials and Funding

Funding History

Thyssenkrupp is a publicly listed company, with shares traded on the Frankfurt Stock Exchange (ticker symbol: TKA) and as American depositary receipts (ticker symbol: TKAMY) in the USA. The company has undergone various restructuring and investment activities to strengthen its financial position and support strategic initiatives.

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly disclosed. However, the company has engaged in strategic partnerships and investments to enhance its capabilities and market presence.

Notable Investors

The Alfried Krupp von Bohlen und Halbach Foundation is a significant shareholder, holding approximately 20.9% of the company's shares. Other investors include Cevian Capital, which holds about 13.7%, and various institutional and individual shareholders.

Utilization of Capital

The capital raised is utilized for:

• Research and Development: Focusing on innovation and technological advancements.

• Expansion Projects: Investing in new facilities and market expansion.

• Debt Reduction: Strengthening the company's financial stability.

Pipeline Development

Key Pipeline Candidates

• Green Hydrogen Projects: Developing large-scale electrolysis plants for sustainable hydrogen production.

• Automotive Components: Innovating new parts and systems for electric vehicles.

• Naval Systems: Designing advanced submarines and surface vessels.

Stages of Development

• Green Hydrogen Projects: Early to mid-stage development, with some projects in advanced planning phases.

• Automotive Components: Ongoing development, focusing on next-generation technologies.

• Naval Systems: Design and prototyping stages, with contracts secured for future deliveries.

Target Conditions

• Green Hydrogen Projects: Reducing CO₂ emissions and supporting the energy transition.

• Automotive Components: Enhancing vehicle performance and sustainability.

• Naval Systems: Strengthening defense capabilities and maritime security.

Anticipated Milestones

• Green Hydrogen Projects: Operational plants expected within the next 5 years.

• Automotive Components: New product lines to be launched in the coming 2-3 years.

• Naval Systems: Delivery of new vessels as per contractual agreements.

Technological Platform and Innovation

Proprietary Technologies

• Electrolysis Technology: For efficient green hydrogen production.

• Advanced Steel Processing: Innovative methods for producing high-quality steel.

• Automation Solutions: State-of-the-art automation in manufacturing processes.

Significant Scientific Methods

• Electrolysis: Utilized in green hydrogen projects for sustainable energy solutions.

• Advanced Steel Processing: Techniques for producing high-strength, lightweight steel.

• Automation: Implementing Industry 4.0 technologies in manufacturing.

Leadership Team

Executive Profiles

• Miguel Ángel López Borrego: Chief Executive Officer (CEO). With extensive experience in industrial management, he leads the company's strategic direction. Steering the company through strategic restructuring and focusing on sustainable growth.

• Oliver Burkhard: Chief Human Resources Officer (CHRO). Oversees global HR strategies and organizational development. Implemented global HR initiatives to enhance talent management and organizational culture.

• Johannes Dietsch: Chief Financial Officer (CFO). Manages financial operations and strategic investments. Responsible for strengthening financial stability and overseeing major investment projects.

• Jens Schulte: Chief Technology Officer (CTO). Leads technological innovation and R&D initiatives. Driving technological advancements and leading R&D efforts in key business areas.

Leadership Changes

In May 2023, Miguel Ángel López Borrego was confirmed as the new CEO, succeeding the previous leadership.

Competitor Profile

Market Insights and Dynamics

• Market Size and Growth Potential: The global industrial engineering and steel production market is substantial, with significant growth opportunities in green technologies and sustainable solutions.

• Industry Trends: Increasing demand for sustainable products, digital transformation, and automation are key trends shaping the industry.

Competitor Analysis

• ArcelorMittal: A leading steel producer with a global presence, focusing on innovation and sustainability.

• Siemens AG: A diversified industrial company with strengths in automation and digitalization.

• General Electric: Operating in various industrial sectors, emphasizing technological advancements and global reach.

Competitive Landscape