ThyssenKrupp Announces Finalists for New $2.9 Billion State-of-the-Art Steel and Stainless Steel Manufacturing Facility in the United States.Alabama and Louisiana in Final Consideration TROY, Mich. -- ThyssenKrupp announced today that it is proceeding with the development of a new state-of-the-art steel and stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. manufacturing and processing facility in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The facility will be a joint venture of two Group segments, ThyssenKrupp Steel and ThyssenKrupp Stainless, both based in Duisburg, Germany. Over the past several months, ThyssenKrupp has been conducting extensive due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and negotiations with three states: Alabama, Arkansas and Louisiana. ThyssenKrupp has narrowed the search for the $2.9 billion facility to two states, Alabama and Louisiana, and has decided not to pursue the site in Arkansas based on the criteria it has been using in a lengthy site selection process. The company's decision to narrow the search to Alabama and Louisiana is based on a number of immutable IMMUTABLE. What cannot be removed, what is unchangeable. The laws of God being perfect, are immutable, but no human law can be so considered. factors that were decisive including geological characteristics that would impact plant design and construction costs; energy costs and logistical considerations. "Arkansas made an excellent proposal, and has many important and valuable attributes for business development," said Peter Urban, Vice Chairman of the Executive Board of ThyssenKrupp Steel. "However, based on the criteria we developed after much study, we are moving forward with Alabama and Louisiana at this time," he said. J[R] rgen Fechter, Chairman of the Executive Board of ThyssenKrupp Stainless and Member of the Executive Board of ThyssenKrupp AG ThyssenKrupp AG German steel company. The Krupp firm began in 1811 when Friedrich Krupp (1787–1826) founded a steel plant in Essen, and it remained in family hands for a century and a half. , added: "ThyssenKrupp is committed to the new facility as the NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's market is an integral part of our overall global strategy." In the coming years the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market is expected to show above-average growth for both high-grade flat carbon steel and stainless steel products, he said. The facility will manufacture and process carbon steel and stainless steel for high-value applications by manufacturers in the United States and throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The plant will serve industries including automotive, packaging, construction, electrical and utility, in addition to serving manufacturers of appliances, precision machinery and engineered products. The new facility will include a hot strip mill which will be used primarily to process slabs from the company's new steel mill in Brazil. The new U.S. plant will also feature cold rolling cold rolling n. The rolling of steel or other metal at room temperature to preserve its original crystal structure. and hot-dip coating capacity for high-quality end products of flat carbon steel. The facility will have an annual capacity of 4.5 million metric tons of end products. In addition, a stainless steel melt shop will be built with an annual capacity in the first phase of up to one million metric tons of slabs which will be also processed on the hot strip mill. A cold rolling facility is to be built, which will be designed initially to produce 325,000 tons of cold strip and 100,000 tons of pickled pick·led adj. 1. Preserved in or treated with pickle. 2. Slang Intoxicated; drunk. pickled Adjective 1. (of food) preserved in a pickling liquid 2. hot strip. In addition, the stainless plant will provide ThyssenKrupp Mexinox in San Luis San Luis, city (1991 pop. 110,353), capital of San Luis prov., W central Argentina. The city is the commercial center of an area producing cattle, corn, and asparagus; the surrounding area has timber and mineral resources. San Luis is a popular resort. Potos[R]i (Mexico) with their required pre-material, i. e. 340,000 metric tons of hot band. The new plant complex, which is expected to begin operations in 2010, is considered to be one of the largest private industrial development projects in the United States over the next decade. During construction, the facility will create upwards of 29,000 jobs. When it is fully operational, the plant will employ 2,700 people. Over a 20-year period, the facility is expected to yield an additional 38,000 to 52,000 indirect jobs. ThyssenKrupp has not yet made a decision about the final site, but expects to complete the site selection process as expeditiously ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex as possible. "We are still reviewing a wide range of factors," Fechter said, adding: "Public officials in all three states have been extraordinarily cooperative and responsive as we have conducted our review and analysis. We could not have asked for better working relationships or a better environment in which to perform this complex due diligence and investigative process." He continued: "We recognize this announcement comes as a disappointment to many people in Arkansas, particularly those who had worked so hard on development proposals. But we believe the economic ripple effects of the new plant will benefit the wider regional economy as well." "We look forward to working with officials in both Alabama and Louisiana as we move forward to complete this important process," Urban concluded. The ThyssenKrupp Group, based in Duesseldorf, Germany, is a global technology company which consists of five business segments -- Steel, Stainless steel, stainless, n a steel that contains a minimum of 12% chromium and approximately 0.5% carbon to resist corrosion. , Technologies, Elevator and Services. The company has annual sales of approximately Dan 47 billion (US$61 billion) and employs 188,000 employees in over 70 countries worldwide. ThyssenKrupp Steel AG, based in Duisburg, Germany, is the holding company for the carbon steel activities of the Group. It is the largest single entity, producing approximately 14 million metric tons of crude steel and generating sales of Dan 10.7 billion (US$14 billion). This business segment is focused on high-quality carbon steel flat products and is one the world's leading producers, ranking second in Europe. The segment employs over 30,000 people. Its subsidiaries are active in processing, coating and steel services. Subsidiaries include Rasselstein GmbH, the world's largest tinplate production site in Andernach, Germany, and Duisburg-based ThyssenKrupp Tailored Blanks GmbH, world market and technology leader in laser-welded blanks for the auto industry. ThyssenKrupp Stainless AG, also based in Duisburg, Germany, is the holding company for the stainless activities of the Group. It has achieved leading market positions worldwide in stainless steel flat-rolled products, nickel alloys and titanium. With annual sales of Dan 6.4 billion (US$8.3 billion), the segment employs 12,200 employees in Germany, Italy, China, Mexico and the U.S. ThyssenKrupp operations can be found in every state in the U.S. There are 70 ThyssenKrupp companies in more than 400 locations accounting for 25,000 employees and more than US$9.7 billion in annual sales. Through its predecessor companies, ThyssenKrupp has been part of the U.S. historical landscape for 170 years, dating back to 1837 when Alfred Krupp, founder of predecessor company Krupp, provided coin minting machine prototypes to the U.S. FACT SHEET ThyssenKrupp in the United States ThyssenKrupp boasts a strong and lasting presence in North America, particularly in the United States. Its operations can be found in every state in the U.S. There are 70 ThyssenKrupp companies in the U.S. accounting for 25,000 employees and annual sales of $9.7 billion. New State-of-the-Art Facility in the U.S. ThyssenKrupp is committed to the development of a new $2.9 billion state-of-the-art steel and stainless steel manufacturing and processing facility in the United States. The North American market, particularly the United States, is characterized by a strong demand for high quality flat steel products. ThyssenKrupp aims to achieve a North American market share of five percent. The new U.S. plant will be a cornerstone of the company's NAFTA strategy and an integral part of its overall global market strategy. The new facility will include a hot strip mill which will be used primarily to process slabs from the company's new steel mill in Brazil. It will also feature cold rolling and hot-dip coating capacity for high-quality end products of flat carbon steel. The facility will have an annual capacity of 4.5 million metric tons of end products. In addition, a stainless steel melt shop will be built with annual capacity of up to one million metric tons of slabs in the first phase. A cold rolling facility is also to be built, which will be designed initially to produce 325,000 tons of cold strip and 100,000 tons of pickled hot strip. In addition, the stainless plant will provide ThyssenKrupp Mexinox in San Luis Potos[R]i (Mexico) with its required pre-material, 340,000 metric tons of hot band. New Plant Statistics: * ThyssenKrupp is investing $2.9 billion to establish this facility. * The construction phase of the facility is expected to generate approximately 29,000 jobs. * The plant is expected to be operational in 2010. * The facility is expected to create approximately 2,700 jobs when fully operational. * Over a 20-year period, the facility is expected to yield an additional 38,000 to 52,000 indirect jobs. * The facility's production capacity is expected to be 5.5 million metric tons annually: 4.5 million metric tons of carbon steel and 1 million metric tons of stainless steel. * The site covers approximately 3,000 acres of land and approximately 7 million square feet of building space. ThyssenKrupp Current Operations in the U.S. * In the United States, ThyssenKrupp employs approximately 25,000 people within 70 business entities at more than 400 locations. * ThyssenKrupp companies in the U.S. account for annual sales of $9.7 billion. * All five business segments -- Steel, Stainless, Technologies, Elevator, and Services -- are represented in the U.S. Select ThyssenKrupp Companies in the U.S. ThyssenKrupp Elevator, the largest manufacturer of elevator products in North America, employs approximately 8,800 workers in the U.S. With headquarters in Atlanta, Georgia and production facilities in Memphis, Tennessee For the ancient Egyptian capital, see . Memphis is a city in the southwest corner of Tennessee, and the county seat of Shelby County. Memphis rises above the Mississippi River on the 4th Chickasaw Bluff just below the mouth of the Wolf River. , its products include passenger and freight elevators, escalators and moving walks, stair and platform lifts, as well as passenger boarding bridges. ThyssenKrupp Safway Services, based Milwaukee, Wisconsin For other places with the same name, see Milwaukee (disambiguation). Milwaukee is the largest city within the state of Wisconsin and 25th largest (by population) in the United States. , is one of the largest scaffold and shoring companies in the United States, leading the industry with a full range of products and services for scaffold users. The company employs approximately 4,000 people. ThyssenKrupp Waupaca Foundry produces grey and ductile iron Ductile iron, also called ductile cast iron or nodular cast iron, is a type of cast iron invented in 1943 by Keith Millis[1]. While most varieties of cast iron are brittle, ductile iron is much more ductile, as the name implies. castings using state-of-the-art technologies. With headquarters and three plants in Waupaca and one in Marinette, Wisconsin, as well as plants in Tell City, Indiana Tell City is a city in Perry County, Indiana, along the Ohio River. The population was 7,845 at the 2000 census. The city is the county seat of Perry CountyGR6. and Etowah, Tennessee Etowah is a city in McMinn County, Tennessee, United States. The population was 3,663 at the 2000 census. History Etowah is a Muskogee term for town. The American town was founded in 1906, primarily as a location for a depot on the Louisville & Nashville Railroad , the Foundry has approximately 3,800 employees. Through its member companies, ThyssenKrupp Materials NA offers one-stop shopping for materials and services whose core competencies range from materials supply and value-added processing to logistics and industrial services. With headquarters in Southfield, Michigan Southfield is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is part of the metro Detroit area. As of the 2000 census, the city had a total population of 78,296. Southfield Township is adjacent to the city on the north side. , the company employs approximately 1,800 workers in nearly 80 locations across the U.S. ThyssenKrupp Steel is focused on the production and distribution of high quality carbon steel flat products and related services. The product portfolio includes hot strip, cold strip, coated products and heavy plate, as well as intelligent material solutions. ThyssenKrupp North America operates a steel processing center in Detroit, Michigan “Detroit” redirects here. For other uses, see Detroit (disambiguation). Detroit (IPA: [dɪˈtʰɹɔɪt]) (French: Détroit, meaning strait with 145 employees. 170-Year History of Commitment and Growth in the United States 1837 - Krupp Delivers Coin Minting Machine Prototypes to the U.S. In 1837, Alfred Krupp, founder of predecessor company Krupp, based in Essen, Germany, sent his company's prototypes or "makes" for coin minting machines to the U.S. Twelve years later, in 1849, Krupp delivered the "National Coin" to the Philadelphia Mint The Philadelphia Mint was created from the need to establish a national identity and the needs of commerce. This led America's founding fathers to make an establishment of a continental national mint a main priority after the ratification of the Constitution. at a price of $1,011.06. 1848 - First Use of Krupp Steel: Pennsylvania Railway The first use of Krupp steel occurred in 1848 when the Pennsylvania Railway Company tested two Krupp-made rail axles. After 80,000 miles of testing, the Buffalo and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Railway Company acquired those used axles instead of buying new ones. America was discovering the strength of Krupp steel. 1893 - Thyssen Enters U.S. Market The first entry into the U.S. market for Thyssen occurred in 1893 when Henschel & Sohn, an eventual Thyssen company, received the first prize for locomotive design at the Chicago World's Fair Chicago has hosted two World's Fairs
1929 and 1931 -- Stainless Steel Used in Chrysler Building Chrysler Building, in midtown Manhattan, New York City, at Lexington Ave. between 42d and 43d St. The ultimate art deco-style skyscraper, it was commissioned by Walter P. Chrysler, designed by William Van Alen, and built in 1926–30. and Empire State Building Not many people know that Krupp's Nirosta stainless steel sheet panels were used in the construction of the Chrysler Building (1929) and the Empire State Building (1931) in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . 1959 -- Founding of Thyssen Export Corporation in New York Thyssen establishes a trading office in New York which begins a philosophy to grow the company's presence in the U.S. 1978 -- Thyssen Acquires The Budd Company The Budd Company (now ThyssenKrupp Budd) is a metal fabricator and major supplier of body components to the automobile industry. The company is headquartered in Troy, Michigan. It was founded in 1912 by Edward G. , Headquartered in Troy, Michigan Troy is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit. As of the 2000 census, the city had a total population of 80,959, the 12th largest city in Michigan by population. The Budd Company, a leading U.S. automotive supplier, becomes part of the Thyssen Group for $295 million. 1998 -- Thyssen Elevator Acquires Dover Elevator The acquisition of Dover Elevator makes Thyssen Elevator the third biggest elevator manufacturer in the world. 1999 -- Merger of Thyssen and Krupp Through the merger of Thyssen and Krupp, ThyssenKrupp was formed in 1999 as one of Germany's largest technologies companies. FACT SHEET ThyssenKrupp Group - Worldwide ThyssenKrupp - Overview ThyssenKrupp is one of the world's largest technology companies. The Group is headquartered in D[R] sseldorf, Germany with operations in more than 70 countries, nearly 188,000 employees and sales of approximately Dan 47 billion (US$61 billion) in fiscal 2005/06. The Group consists of five business segments: Steel, Stainless, Technologies, Elevator and Services, with emphasis on product manufacturing, systems solutions and innovative services. ThyssenKrupp was formed in 1999 through the merger of Thyssen and Krupp. ThyssenKrupp Steel Steel is the number one industrial material worldwide. ThyssenKrupp Steel is focused on high value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. flat carbon steel and is one of the leading producers in the world market, ranking second in Europe. With sales of approximately Dan 10.7 billion (US$14 billion) and over 30,000 employees, the Steel segment serves customers in 80 countries. ThyssenKrupp Steel is the Group's biggest single operating company operating company A business that engages in transactions with outsiders. . At its central location in Duisburg, Germany, it operates an integrated steel mill with high-performance iron and steelmaking, processing and finishing plants. In addition, rolling mills and coated lines are located at five other production sites in Germany. The product portfolio includes hot strip, cold strip, coated products and heavy plate as well as intelligent material solutions, capabilities include specific processing and a wide range of services. Subsidiaries produce, for example, tailored blanks, tinplate, electrical steel Electrical steel, also called lamination steel, silicon electrical steel, silicon steel or transformer steel, is specialty steel tailored to produce certain magnetic properties, such as a small hysteresis area (small energy dissipation per cycle, or low , medium-wide strip and construction elements. In North America the company is represented by steel service and tailored blanks activities. Flat carbon steel products are used in a wide range of applications such as car bodies, facades, construction, packaging and domestic appliances. ThyssenKrupp Stainless Since the reorganization of ThyssenKrupp's steel activities at the start of the 2005/2006 fiscal year, ThyssenKrupp Stainless has been an independent segment within the ThyssenKrupp Group. It is one of the world's leading suppliers of stainless steel, nickel alloys and titanium. This segment, with production facilities in Europe, Asia and the NAFTA region, has more than 12,000 employees and sales of Dan 6.4 billion (US$8.3 billion). ThyssenKrupp Stainless operating companies include German-based ThyssenKrupp Nirosta, Italy's ThyssenKrupp Acciai Speciali Terni, ThyssenKrupp Mexinox in Mexico, Shanghai Krupp Stainless in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China and ThyssenKrupp VDM See Virtual DOS Machine and CGM. 1. VDM - Vienna Definition Method 2. VDM - Virtual Device Metafile. , a producer of nickel materials with plants in Germany and the U.S. ThyssenKrupp Stainless International is responsible for all stainless sales, distribution and service activities of the Stainless group where these are not directly handled by operating companies. Stainless steel is used in the automotive, aerospace, architectural, food, medical and environmental sectors. In addition to its technical properties such as corrosion resistance and high strength, this high-performance material offers the added benefit of better appearance. ThyssenKrupp Technologies ThyssenKrupp Technologies is an international manufacturer of high-tech plants, components and machinery as well as a renowned automotive supplier. The segment employs 68,500 people and generates sales of approximately Dan 14 billion (US$18.3 billion). It occupies strong market positions worldwide with innovative products for body, chassis and powertrain applications in cars and trucks, high-quality machinery and plant construction, systems engineering and shipbuilding. ThyssenKrupp Elevator ThyssenKrupp Elevator is the world's third largest elevator company. It employs 36,200 people in more than 60 countries and generates sales of approximately Dan 4.3 billion (US$5.6 billion). This award-winning segment is engaged in the manufacture, installation, maintenance and modernization of elevators, escalators, moving walks, passenger boarding bridges, and accessibility products (stair and platform lifts) for customers around the world. ThyssenKrupp Elevator is the only elevator producer which offers the full range of passenger transportation systems and consequently enjoys great success particularly for airport projects. ThyssenKrupp Services ThyssenKrupp Services stands for high-quality process and supply services. The segment employs approximately 40,000 people in 60 countries and generates sales of approximately Dan 14.2 billion (US$18.6 billion). The range of services includes maintenance and repair, in-plant logistics as well as technical services for the erection and maintenance of plant and facilities. In addition, the segment is one of the leading international suppliers of stainless steel, nonferrous metals and plastics. Environmental Protection and Sustainability ThyssenKrupp strongly believes in environmental protection. The Group's environmental guidelines embrace pollution control as a key corporate goal. Business decisions are reviewed for their environmental impact. In addition, ThyssenKrupp has developed expertise in "green" products and processes that conserve resources, reduce greenhouse gas greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas emissions, promote recycling, and use alternative power sources. The Steel segment, for example, was recognized for its innovative solutions to help reduce emissions from cars. These include weight-optimized parts which reduce fuel consumption. The Stainless segment introduced a new electrochemical electrochemical /elec·tro·chem·i·cal/ (-kem´i-k'l) pertaining to interaction or interconversion of chemical and electrical energies. e·lec·tro·chem·i·cal adj. process to recycle the used acids and metal-bearing sludges which arise during the pickling of stainless steel. This process reduces the nitrate in the waste water by 35%. Meanwhile, the Technologies segment developed a plant to produce compostable plastic from renewable raw materials such as wheat. This plastic can be used to replace packaging materials such as polystyrene. A series of gearless drives was developed by the Elevator segment to further reduce energy consumption. Our Services segment installed a modern firing system In demolition, a system composed of elements designed to fire the main charge or charges. in a waste-fed heating plant in Bremen, Germany, to burn waste more efficiently and reduce emissions. Lastly, an "environment school" was established by ThyssenKrupp in Brazil to raise children's awareness of nature and the environment. Corporate Citizenship Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while The company aims to make a positive contribution to the communities and regions where its employees work and live by supporting a wide range of initiatives from culture, education and athletics to social, charitable and humanitarian efforts. ThyssenKrupp has provided significant financial and in-kind support following major world tragedies, including Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. , the 2004 Asian Tsunami, 9-11 and the global HIV/AIDS HIV/AIDS Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome crisis. Research and Innovation ThyssenKrupp is increasingly concentrating on system solutions and innovative services. More than 3,300 scientists, engineers and other specialists work in development centers and are currently working on over 2,000 research and development projects. Quick Facts (Fiscal 2005/2006) * Sales: Dan 47 billion (US$61 billion) * EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become : Dan 4.7 billion (US$6.2 billion) * Net Income: Dan 1.7 billion (US$2.2 billion) * Operating Cash Flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. : Dan 3.5 billion (US$4.6 billion) * Total Equity: Dan 8.9 billion (US$11.6 billion) * ThyssenKrupp AG trades on the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. - Deutsche Boerse (DAX: TKA TKA Total Knee Arthroplasty TKA The Kings Academy TKA Teras Kasi Artist (Star Wars Galaxies) TKA Team Killers Anonymous (gaming clan) TKA Trochanter-Knee-Ankle ) and the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (LSE LSE - Language Sensitive Editor : THK THK Thick THK Thickness THK Türk Hava Kurumu THK Turk Hava Kuvvetleri (Turkish Air Force) THK Thunk Layer ) |
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