thyssenkrupp AG operates as an industrial and technology company.
Business Segments
The company operates through Automotive Technology, Marine Systems, Bearings, and Forged Technologies segments.
Automotive Technology
This segment operates as a volume supplier of chassis and powertrain components. It also serves as an assembly and logistics partner and a supplier of body assembly lines and lightweight body parts.
Marine Systems
This segment provides system in submarine and surface vessel c...
thyssenkrupp AG operates as an industrial and technology company.
Business Segments
The company operates through Automotive Technology, Marine Systems, Bearings, and Forged Technologies segments.
Automotive Technology
This segment operates as a volume supplier of chassis and powertrain components. It also serves as an assembly and logistics partner and a supplier of body assembly lines and lightweight body parts.
Marine Systems
This segment provides system in submarine and surface vessel construction and in maritime electronics and security technology.
Bearings
This segment manufactures slewing rings, antifriction bearings, and seamless rolled rings for wind energy and various industrial applications.
Forged Technologies
This segment involves in the manufacture of forged components and system solutions for the resource, construction, and mobility sectors.
Business Strategy
The company is focused on executing its strategy to drive sustainable growth and create value for its stakeholders. This includes a continued focus on innovation, market expansion, and sustainability.
Special Units
The company also includes special units such as asset management and non-operational units like group financing.
Geographical Markets Served
The company serves a global market with its diverse range of products and services. The company has a significant presence in several key regions: Germany, USA, China, and other countries.
Customers
The company categorizes its customers into the following groups:
Automotive: This group includes major automotive manufacturers and suppliers. The company provides chassis and powertrain components, body assembly lines, and lightweight body parts to this segment.
Trading: This category includes customers involved in trading activities, where the company supplies a variety of products and services.
Engineering: Customers in this category are involved in engineering projects, for which the company provides specialized components and system solutions.
Steel and Related Processing: This group includes customers in the steel industry and related processing sectors, where the company supplies high-quality steel products.
Construction: Customers in the construction industry benefit from the company's wide range of products and services tailored to meet the needs of construction projects.
Public Sector: This category includes governmental and public sector entities that procure various products and services from the company.
Packaging: Customers in the packaging industry utilize the company's products for their packaging needs.
Energy and Utilities: This group includes customers in the energy and utilities sector, where the company supplies products and solutions for energy generation and distribution.
Other Customer Groups: This category includes various other customer groups that procure products and services from the company.
Regulations
The company subject to numerous government regulations across its global operations. These regulations cover a wide range of areas, including labor laws, safety standards, and corporate governance. The company complies with the German Commercial Code (HGB) and the German Accounting Standard 20 (GAS 20) 'Group Management Report.' The company's consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union.
History
thyssenkrupp AG was founded in 1811.