"Thyssenkrupp" Pronounce,Meaning And Examples

"Thyssenkrupp" Meaning

Thyssenkrupp is a multnational conglomerate with focuses on material, plant technology, industrial equipment and others. Its name is a combination of its two predecessor companies, the German concerns of August Thyssen-Hütte and Fried. Krupp.

The company is based in Essen, Germany and is one of the world's largest steel producers.

"Thyssenkrupp" Examples

Thyssenkrupp Usage Examples:

1. In a Business Context:

Thyssenkrupp, a German multinational conglomerate, announced significant job cuts and restructuring plans in their industrial segment in Q1 of 2020.

2. In a Technical Report:

The company invested heavily in research and development to improve the efficiency of its elevator business, a core segment of the Thyssenkrupp conglomerate.

3. In a Financial News Article:

Due to the impact of the COVID-19 pandemic on global markets, Thyssenkrupp shares experienced a significant decline in value late in 2020.

4. In an Industry Analysis:

Thyssenkrupp's steel division has been particular affected by oversupply and international competition in recent years, resulting in a need for strategic adjustments.

5. In a Historical Context:

The Thyssen and Krupp families, once two of the wealthiest in Germany, have a long history dating back to the 19th century, with their companies playing pivotal roles in the country's industrial, economic, and political development.