Bedrijfsprofiel (english only)
Globally active, ThyssenKrupp holds excellent technology
and market positions in its three main businesses steel, capital goods and
services. Our strengths lie in our decades of expertise, our strong service
competencies, our flexibility and our innovative prowess.
At ThyssenKrupp, thinking forward keeps us moving forward. It is an approach
which has served the Group well, unlocking creative potential and paving the
way for change. Forward thinking provides ThyssenKrupp with a continuous
stream of new ideas, products and services that make life easier for our
customers. But thinking ahead also means taking seriously our responsibility
to the environment, the community, our customers, stockholders and employees.
As an international Group, we not only have the ability to influence the lives
of current and future generations, we have a duty to keep on meeting these
challenges every day. We have global views on how to achieve these objectives.
Business no longer takes place behind closed doors. Every step a company takes
is in the public eye. To achieve long-term success, companies have to gear
their actions more than ever to the interests of their various stakeholders.
That means taking their legitimate needs and expectations seriously - be they
ethical, social, ecological or economic - and incorporating them in our
decision-making processes and day-to-day business. This is something we
recognize and strive to achieve.
Corporate governance stands for responsible business management geared towards
long-term value creation. It calls for efficient cooperation between executive
and supervisory boards, respect for the interests of stockholders, and openness
and transparency in corporate communication.
Responsibility to our stockholders as the owners of the company is expressed above
all in our value-based management system which aims to continuously increase the
value of the enterprise. By that we mean achieving a rate of return higher than
the cost of capital. This guarantees our stockholders an attractive long-term
return on their investment and at the same time improves our chances of attracting
new capital, which can be invested in further growth.
It is our customers who decide on the success of our products and services, and thus
the success of our company. They demand high quality and innovative technology at
competitive prices, driving us constantly to new heights. And only a successful and
profitable company can meet its responsibilities to all stakeholders on a long-term
The extent to which employees are prepared to invest in their own company is a reliable
indicator of how strongly they identify with their employer. ThyssenKrupp does well
in this respect: Under the 2001 employee stock program around half the eligible German
workforce invested in "their" company. For this reason, the Executive Board has
resolved to launch a new employer share program in fiscal year 2003/2004. But there
are other kinds of investment which are no less important - for example the ideas
and commitment of our employees as reflected in the company suggestion scheme or our
annual innovation contest.
Resource-friendly production equipment and processes, ecologically compatible product
developments, environmental research - just some examples of our worldwide commitment
to minimizing water, air and ground pollution and making responsible use of raw
materials and energy. ThyssenKrupp also makes its expertise available to others to help
reduce the burden on the environment. One way we do this is by building advanced
production facilities with state-of-the-art pollution control, such as Shanghai Krupp
Stainless, where production satisfies even the strict environmental requirements of the
World Bank - for example, each cubic meter of water is used 30 to 40 times before being
Regimentation stifles originality. So at ThyssenKrupp we make sure our employees have the
freedom to develop their personalities and give their creativity free rein. We encourage
our people to think like entrepreneurs and act on their own responsibility so that good
ideas can be realized quickly to the benefit of all concerned. That makes ThyssenKrupp a
more attractive place to work, to learn a profession and to cooperate on research. And
it also enhances the value of our Group: After all, the future prospects of a company
are really only decided in one place - in the minds of its employees.