In a move to strengthen its plant technology business as a major growth area, ThyssenKrupp recently announced that two of its previously separate plant technology companies will be combined as ThyssenKrupp Industrial Solutions. The company describes the merger of Thyssen-Krupp Uhde and ThyssenKrupp Resource Technologies (formerly ThyssenKrupp Polysius and ThyssenKrupp Fördertechnik) with ThyssenKrupp Industrial Solutions as “an important milestone” in the group’s long-term integration process.
Dr. Heinrich Hiesinger, CEO of Thyssen-Krupp, said, “The integration and regionalization of our plant technology business is an important element of our transition into a diversified industrial group. This growth area offers great potential, which we can exploit optimally with ThyssenKrupp Industrial Solutions as a global, integrated engineering and construction company. Our aim is to grow faster than the market.”
Dr. Hans Christoph Atzpodien, CEO of ThyssenKrupp Industrial Solutions, said “Combining the strengths of our three successful longstanding plant technology companies and acting as one company on the global stage in the future will increase our impact particularly in the growth regions and enable us to carry out projects worldwide on a whole new scale. We plan to increase ThyssenKrupp Industrial Solutions’ sales on average by more than 5% per year in the coming years.”
Employing about 19,000 people, ThyssenKrupp Industrial Solutions reported more than €5.6 billion in sales in fiscal year 2012-2013. The company provides engineering, procurement and construction (EPC) and associated services, and has furnished major equipment for numerous surface mining, ore processing and port handling operations.
With the merger, plant technology operations worldwide will be managed by two business units: Process Technologies and Resource Technologies. Resource Technologies offers a comprehensive product portfolio and a wide sales and service network to customers in the mining, cement, mineral processing and materials handling industries. Process Technologies is focused on engineering, procurement, and construction for chemical, refinery and other industrial plants. The traditional brands, Uhde and Polysius, will be retained as
product names. ThyssenKrupp Industrial Solutions will be headquartered in Essen, Germany, and will have 40 branch offices in 25 countries around the world.
The company said new regional organizations are being set up to support the global exchange of knowledge and engineering services and present a single face to the customer, enabling project management with a stronger focus on local requirements. As the integration process continues, the respective foreign subsidiaries of ThyssenKrupp Uhde and ThyssenKrupp Resource Technologies will also be gradually combined into one company per country under the name ThyssenKrupp Industrial Solutions.
ThyssenKrupp Industrial Solutions is one of six business areas of the ThyssenKrupp Group.