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Thyssenkrupp AG is a German multinational conglomerate, based in Duisburg and Essen and divided into 670 subsidiaries worldwide. It is one of the world’s largest steel producers; it was ranked tenth-largest worldwide by revenue in 2015. The company is the result of the 1999 merger of Thyssen AG and Krupp, and now has its operational headquarters in Essen. The largest shareholder is the Alfried Krupp von Bohlen und Halbach Foundation, a major German philanthropic foundation, created by and named in honour of Alfried Krupp von Bohlen und Halbach, former owner and head of the Krupp company, once the largest company in Europe.
In addition to steel production, thyssenkrupp’s products range from machines and industrial services to high-speed trains, elevators and shipbuilding. The subsidiary thyssenkrupp Marine Systems manufactures frigates, corvettes and submarines for German and foreign navies.
ThyssenKrupp has 5,500 employees and generates €1.6 billion in revenue in Spain, where it mainly manufactures elevators. Italy, where the company produces most of its stainless steel, generates €2.3 billion in revenue. The businesses in those two countries make up 9% of all sales for the company.