The production of electrical steel on an industrial scale dates back to the beginning of the 20th century with the development of silicon alloyed steel plates, which showed especially favorable properties for the building of magnetic cores. Silicon alloyed steel continues to be the basis for the production of electrical steel today.
The principal historical events that led to the new formation of ThyssenKrupp Electrical Steel (parenthouse conception) can be summarized as follows :
Foundation of a foundry by Friedrich Krupp.
First production of railway and rolling stock components.
Foundation of Thyssen&Co. in Mülheim an der Ruhr.
After Krupp, Thyssen takes a leading position in the German steel industry.
In accordance with Alfried Krupp von Bohlen und Halbach's last will, the shares of the newly founded Friedrich Krupp GmbH go to the non-profit foundation, Alfried Krupp von Bohlen und Halbach.
Purchase of the plants Bochum and Gelsenkirchen by the Thyssen Group.
The electrical steel activities of Thyssen are consolidated in the company EBG Gesellschaft für elektromagnetische Werkstoffe GmbH (Bochum and Gelsenkirchen).
Merger of Fried. Krupp AG and Hoesch AG.
Joining of the carbon and stainless steel units of Thyssen and Krupp in Thyssen Krupp Stahl AG.
Complete merger of the companies and registration of ThyssenKrupp AG.
UGO, Isbergues (France) becomes a 100% owned company of ThyssenKrupp Steel. The ThyssenKrupp Steel Group acquires aplant in Nashik and becomes the majority owner of EBG India Private Limited.
Foundation of ThyssenKrupp Electrical Steel GmbH to consolidate all electrical steel activities of the ThyssenKrupp Group.
Restructuring of the electrical steel business by concentrating all grain oriented electrical steel PowerCore® in ThyssenKrupp Electrical Steel GmbH and non grain oriented electrical steel PowerCore® in ThyssenKrupp Stahl AG.