About Thyssen Krupp Budd Systems LLC

How do you say "giant engineering and steel company" in German? Try ThyssenKrupp and pronounce it "TISS-in kroop." The company is one of the world's largest steel producers and operates worldwide in two business areas: Materials and Technologies. The first comprises the company's steel (carbon and stainless steel) and materials services businesses. ThyssenKrupp's Technologies group consists of its elevators unit, marine systems, components technology (for the auto and engineering markets), and plant technology (construction and environmental services) segments. Although its combined interests range from elevators to shipbuilding, the company has historically relied upon the steel market.

Geographic Reach

Led by regional headquarters, ThyssenKrupp serves customers in North and South America, China, India, and the Asia-Pacific region. It has operations in 78 countries, and has 546 subsidiaries.


The company’s business operations are organized into two divisions and seven operating business areas. The Materials division consists of the Steel Europe, Steel Americas, and Materials Services units. The Technologies division comprises the company's Elevator Technology, Plant Technology, Components Technology, and Marine Systems units.

Financial Performance

In fiscal 2014 (ended September) ThyssenKrupp's revenues grew by 7% due to strong growth in its capital goods business and sales from the recent acquisitions of Acciai Speciali Terni (AST) and VDM.

That year the company posted net income of €195 million (compared to net loss of €1.58 billion in 2013) thanks to higher revenues and lower operating expenses.

ThyssenKrupp's operating cash inflow increased to €887 million in 2014 (up from €786 million in the previous year) as the result of improved net income and a change in working capital.


In 2014 ThyssenKrupp Metallurgical Products expanded its operations in South America, opening its first location in Bolivia, extending its global network of sales offices. As well as marketing nonferrous metal tin, ThyssenKrupp Metallurgical Products will focus on trading copper and tungsten from that country. That year it also began construction of a new automotive supply plant in Brazil.

To raise cash to reinvest in core operations, in 2014 ThyssenKrupp sold ThyssenKrupp Steel USA's rolling and coating plant in Calvert, Alabama to a consortium of ArcelorMittal and Nippon Steel & Sumitomo Metal for $1.55 billion. (The deal is expected to deliver $60 million in annual savings). That year the company also arranged for a long-term slab supply contract with the ThyssenKrupp CSA steel mill in Brazil. The consortium will purchase 2 million tons of slabs per year from ThyssenKrupp CSA up to 2019.

In 2014 ThyssenKrupp Metallurgical Products expanded its product portfolio, signing an 10-year offtake agreement with NioCorp Developments for ferroniobium, a rare heavy metal. This offtake agreement makes the ThyssenKrupp Metallurgical Products the exclusive European distribution partner to NioCorp, which is developing the only primary niobium deposits in the US at its Elk Creek project in Nebraska.

Mergers and Acquisitions

As part of the 2014 acquisitions of the AST and VDM service centers from Outokumpu, ThyssenKrupp sold its 29.9% holdings in that company. (The deal stems from the sale of ThyssenKrupp's stainless steel company Inoxumto to Outokumpu in 2012).

In 2013 ThyssenKrupp Aerospace acquired UK-based The Waterjet Group. With its equipment ThyssenKrupp is able to process a wide range of materials and sizes for its European and international customer base.


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Thyssen Krupp Budd Systems LLC

3155 W Big Beaver Rd #125
Troy, MI 48084-3007
Phone: 1 (248) 643-3929


  • Employer Type: Public
  • Vice President And President, Aftermarket And Motorsports: Steven Beaty
  • Director, Information Technology Services: Adam Kimball
  • Business Development: Sarah Ruth

Major Office Locations

  • Troy, MI

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