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thyssenkrupp Materials Services GmbH (tkMX) is the lead company of the business area of the same name and part of the diversified German industrial group thyssenkrupp AG. Materials Services is a global materials distributor [ 1 ] as well as a technical and infrastructural service provider for the B2B-sector . [ 2 ]
After a financial struggle in 2020, and a loss of over €5.5 billion, ThyssenKrupp announced that it will be cutting over 11,000 jobs, 7,000 of which are located in Germany. [ 37 ] In November 2024, Thyssenkrupp announced it would lay off around 5,000 jobs at its steel subsidiary by 2030 and outsource a further 6,000 jobs.
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).
XERVON's roots go back to 1928, [8] the founding year of the Ernst Peiniger GmbH in Essen, Germany which was later known as PeinigerRöRo Group. [9]ThyssenKrupp Xervon GmbH, headquartered in Gelsenkirchen, Germany, was formed on October 1, 2005, through the merger of the internationally operating PeinigerRöRo Group and ThyssenKrupp Plant Services.
Thyssenkrupp Polysius GmbH (thyssenkrupp Polysius GmbH) is a global industrial company specializing in the manufacture and sale of plants and machinery for the cement and ore industry. In 2023, Thyssenkrupp Polysius GmbH was integrated into the newly created Decarbon Technologies segment of Thyssenkrupp AG .
In 2012, at Cevian's urging, Cookson, a British engineering firm, spun off its performance materials division, increasing investment value for Cookson shareholders by over 25%. [1] By 2016, Cevian had $13 billion in assets under management. [2] This increased to about $15.5 billion in AUM the following year. [3]