Thyssenkrupp AG Sponsored ADR (TKA1)

Overview

thyssenkrupp AG is a leading industrial and technology company with a global presence, headquartered in Essen, Germany. Founded in 1811, the company has diversified its operations into five main segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. These segments encompass a wide range of products and solutions, from automotive components and decarbonization technologies to materials services and advanced marine systems. thyssenkrupp AG's focus on innovation and sustainability has made it a key player in several industries, including automotive, materials, and marine systems, serving customers across the globe.

Products and Services

thyssenkrupp AG offers a vast array of products and services across its five business segments:

• Automotive Technology: This segment delivers a comprehensive range of components, systems, and automation solutions targeted at vehicle manufacturing. Products include axle assembly, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering systems, and undercarriages.
• Decarbon Technologies: Focused on the future of energy and materials, this area offers slewing bearings and rings, solutions for green ammonia and methanol productions, chemical and cement plants, high pressure processing, refinery services, and pioneering green hydrogen technologies.
• Marine Systems: Specializing in naval defense and maritime innovations, this segment produces submarines and naval surface vessels, along with offering comprehensive naval services.
• Material Services: A broad range of services and products, including 3D-printing/additive manufacturing, infrastructure project services, logistical solutions, and the distribution of metals, plastics, specialty ores, and stainless steel, catering to various industrial requirements.
• Steel Europe: This segment is dedicated to manufacturing high-quality steel products such as composite materials, electrical steel, hot strips, organic coated strips and sheets, packaging steel, precision steel strip, and sheet and coated products for diverse applications.