Thyssen AG
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Thyssen AG
Thyssen was a major German steel producer founded by August Thyssen. The company merged with Friedrich Krupp AG Hoesch-Krupp to form ThyssenKrupp in 1999. History On 29 September 1891, August Thyssen and his brother Joseph Thyssen came to be in possession of all shares of ''Gewerkschaft Deutscher Kaiser'', a coal mining company. On 17 December 1891, the steelworks of the same company opened in Hamborn (today part of Duisburg). Subsequently, the plant was modernized and expanded by August Thyssen, becoming a vertically integrated company producing iron and steel and manufacturing ships, machines etc. After the First World War came the occupation of the Ruhr and the loss of many foreign interests; however the company remained viable. On 4 April 1926, August Thyssen died; his son, Fritz Thyssen became chairman of a new group ''Vereinigte Stahlwerke AG'' (United Steelworks) which was formed by a consortium of companies, with Thyssen representing 26% of the company's value. ...
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Aktiengesellschaft
(; abbreviated AG, ) is a German word for a corporation limited by share ownership (i.e. one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equivalent to a ''société anonyme'' or a '' società per azioni''), and South Tyrol for companies incorporated there. It is also used in Luxembourg (as lb, Aktiëgesellschaft, label=none, ), although the equivalent French language term ''société anonyme'' is more common. In the United Kingdom, the equivalent term is "PLC" and in the United States while the terms "incorporated" or "corporation" are typically used, technically the more precise equivalent term is "joint-stock company" (though note for the British term only a minority of public limited companies have their shares listed on stock exchanges). Meaning of the word The German word ''Aktiengesellschaft'' is a compound noun made up of two elements: ''Aktien'' meaning an acting pa ...
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Duisburg
Duisburg () is a city in the Ruhr metropolitan area of the western German state of North Rhine-Westphalia. Lying on the confluence of the Rhine and the Ruhr rivers in the center of the Rhine-Ruhr Region, Duisburg is the 5th largest city in North Rhine-Westphalia and the 15th-largest city in Germany. In the Middle Ages, it was a city-state and a member of the Hanseatic League, and later became a major centre of iron, steel, and chemicals industries. For this reason, it was heavily bombed in World War II. Today it boasts the world's largest inland port, with 21 docks and 40 kilometres of wharf. Status Duisburg is a city in Germany's Rhineland, the fifth-largest (after Cologne, Düsseldorf, Dortmund and Essen) of the nation's most populous federal state of North Rhine-Westphalia. Its 500,000 inhabitants make it Germany's 15th-largest city. Located at the confluence of the Rhine river and its tributary the Ruhr river, it lies in the west of the Ruhr urban area, Germany's ...
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Deutsche Mark
The Deutsche Mark (; English: ''German mark''), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark" (). One Deutsche Mark was divided into 100 pfennigs. It was first issued under Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contras ...
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Mannesmann AG
Mannesmann was a German industrial conglomerate. It was originally established as a manufacturer of steel pipes in 1890 under the name "Deutsch-Österreichische Mannesmannröhren-Werke AG". (Loosely translated: "German-Austrian Mannesmann pipe mills AG"). In the twentieth century, Mannesmann's product range grew and the company expanded into numerous sectors; starting from various steel products and trading to mechanical and electrical engineering, automotive and telecommunications. From 1955, the conglomerate's management holding with headquarters in Düsseldorf was named Mannesmann AG. The particular success of the corporate activities in the area of telecommunications that started in 1990 was the predominant reason for the takeover of Mannesmann by the British telecommunications company Vodafone in 2000, still one of the largest-ever company takeovers worldwide. Back then, the Mannesmann Group had 130,860 employees worldwide and revenues of €23.27 billion. The name Man ...
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Metallurgical
Metallurgy is a domain of materials science and engineering that studies the physical and chemical behavior of metallic elements, their inter-metallic compounds, and their mixtures, which are known as alloys. Metallurgy encompasses both the science and the technology of metals; that is, the way in which science is applied to the production of metals, and the engineering of metal components used in products for both consumers and manufacturers. Metallurgy is distinct from the craft of metalworking. Metalworking relies on metallurgy in a similar manner to how medicine relies on medical science for technical advancement. A specialist practitioner of metallurgy is known as a metallurgist. The science of metallurgy is further subdivided into two broad categories: chemical metallurgy and physical metallurgy. Chemical metallurgy is chiefly concerned with the reduction and oxidation of metals, and the chemical performance of metals. Subjects of study in chemical metallurgy include mi ...
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Mining
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desire ...
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Liquidated
Liquidation is the process in accounting by which a company is brought to an end in Canada, United Kingdom, United States, Ireland, Australia, New Zealand, Italy, and many other countries. The assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory (sometimes referred to as a ''creditors' liquidation'' or ''receivership'' following bankruptcy, which may result in the court creating a "liquidation trust") or voluntary (sometimes referred to as a ''shareholders' liquidation'', although some voluntary liquidations are controlled by the creditors). The ...
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Allies Of World War II
The Allies, formally referred to as the United Nations from 1942, were an international military coalition formed during the Second World War (1939–1945) to oppose the Axis powers, led by Nazi Germany, Imperial Japan, and Fascist Italy. Its principal members by 1941 were the United Kingdom, United States, Soviet Union, and China. Membership in the Allies varied during the course of the war. When the conflict broke out on 1 September 1939, the Allied coalition consisted of the United Kingdom, France, and Poland, as well as their respective dependencies, such as British India. They were soon joined by the independent dominions of the British Commonwealth: Canada, Australia, New Zealand and South Africa. Consequently, the initial alliance resembled that of the First World War. As Axis forces began invading northern Europe and the Balkans, the Allies added the Netherlands, Belgium, Norway, Greece, and Yugoslavia. The Soviet Union, which initially ha ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies of World War II, Allies and the Axis powers. World War II was a total war that directly involved more than 100 million Military personnel, personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Air warfare of World War II, Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the Atomic bombings of Hiroshima and Nagasaki, only two nuclear weapons ever used in war. World War II was by far the List of wars by death toll, deadliest conflict in hu ...
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German Re-armament
German rearmament (''Aufrüstung'', ) was a policy and practice of rearmament carried out in Germany during the interwar period (1918–1939), in violation of the Treaty of Versailles which required German disarmament after WWI to prevent Germany from starting another war. It began on a small, secret, and informal basis shortly after the treaty was signed, but it was openly and massively expanded after the Nazi Party came to power in 1933. Despite its scale, German re-armament remained a largely covert operation, carried out using front organizations such as glider clubs for training pilots and sporting clubs, and Nazi SA militia groups for teaching infantry combat techniques. Front companies like MEFO were set up to finance the rearmament by placing massive orders with Krupp, Siemens, Gutehofnungshütte, and Rheinmetall for weapons forbidden by the Treaty of Versailles. Carl von Ossietzky exposed the reality of the German rearmament in 1931 and his disclosures won him ...
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Vereinigte Stahlwerke AG
The Vereinigte Stahlwerke AG (VSt or Vestag, ''United Steelworks'') was a German industrial conglomerate producing coal, iron, and steel in the interbellum and during World War II. Founded in 1926, economic pressures (decreasing prices and excess capacities) led to the union of several companies, including Thyssen AG, , Rheinische Stahlwerke, Rhein-Elbe-Union GmbH, , , and . This group united of most German iron, steel and coal producers but did not include Hoesch AG, Krupp AG, Klöckner-Werke, , and Mannesmann.http://www.h-net.org/reviews/showrev.cgi?path=249411005252667 The company was headquartered in Düsseldorf. During the 1930s, VSt was one of the biggest German companies and, at times, also the largest steel producer in Europe. With up to about 250,000 workers, it produced about 40% of the steel and 20% of the coal produced in Germany. Chief executive officer (chief of the Vorstand) was initially Albert Vögler, until 1935. He was succeeded (1935−1943) as CEO by Ern ...
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Fritz Thyssen
Friedrich "Fritz" Thyssen (9 November 1873 – 8 February 1951) was a German businessman, born into one of Germany's leading industrial families. He was an early supporter of the Nazi Party, but later broke with them. Biography Youth Thyssen was born in Mülheim in the Ruhr area. His father, August, was head of the Thyssen mining and steelmaking company, founded by his father Friedrich and based in the Ruhr city of Duisburg. Friedrich studied mining and metallurgy in London, Liège, and Berlin, and after a short period in the German Army, joined the family business. On 18 January 1900 in Düsseldorf he married Amelie Helle or Zurhelle (Mülheim am Rhein, 11 December 1877 – Puchdorf bei Straubing, 25 August 1965), daughter of a factory owner. Their only child, Anna (Anita; later Anita Gräfin Zichy-Thyssen), was born in 1909. Thyssen again joined the army in 1914, but was soon discharged on account of a lung condition. Weimar Germany Thyssen was a German nationalist who ...
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