thyssenkrupp AG

What stood out for you, Bernadette?

Yeah, well, I think you covered most of it there, Helen, but ThyssenKrupp was the biggest decliner.

That fell 17% after it had a fairly muted market debut for its materials trading division.

Within Europe, Spain's IBEX 35 was the clear underperformer.

In an attempt to further redeem its past, the company joined the Remembrance, Responsibility and Future Foundation, contributing to a $10 billion Reichsmark fund aimed at compensating surviving victims of Nazi forced labor.

Today, the company remains part of the multi-billion euro global industrial engineering and steel production conglomerate ThyssenKrupp.

Founded in 1925 as a merger of six major German chemical and pharmaceutical companies, IG Farben quickly became the company's most important conglomerate, producing synthetic dyes, pigments, agricultural nitrogen fertilizers, photographic supplies, and all kinds of pharmaceuticals.

By 1932, it had profits of approximately 48 million Reichsmarks, making it the largest chemical and pharmaceutical enterprise in the world, as well as the largest European corporation overall and the fourth largest globally.

Right.

And this is a company that signed a 15 year definitive offtake with Traxxas and also for ThyssenKrupp.

And Donald Trump mentioned it by name on the campaign trail while he was in Nebraska.

The Ex-Im head, John Jovanovic, who also spoke at this conference, was at a signing ceremony with NIO Corp.

and they really enable us to do these unique things.

You mentioned ThyssenKrupp now, for example, or in Egypt with Inara, or in Turkey with our Turkish partner Yeo now.

So that is always very special, and we are very grateful to work with such a wonderful group of partners and people.

So I have to get away from the actual fun stuff that I'm incredibly envious of, to be honest.

So I think it shouldn't be so difficult to find out the contact details.

But of course, more than happy to share my email somewhere in the comments or wherever later.

And yeah, we have a sort of a, we call it application process, where formally, you know, every new partner is briefly screened by the mission partners, which is, for example, Aqua, but also Smart Energy, ThyssenKrupp, State Grid.

And so they formally will prepare any recommendation for new partners and the value, you know, they intend to bring to the group.

It has to have a jet bridge, and then they have to reload it with liquid helium to keep the magnets cool.

And they had TransRapid, which is the system that they used in Shanghai, the German ThyssenKrupp system.

And you're like, yeah, that was a better engineered system because it didn't require you like refill the trains with liquid helium to cool the superconducting magnets.

And like half the train is just shielding so that you're not like getting an MRI constantly while you're taking it, right? And so, I mean, like, look, it's an- Helium's

How is Sweden going to accept a takeover of Saab by Germany effectively because Airbus Defense and Space is the German part of, um, uh, the German part of Airbus? That's ...

I d- can't see that being acceptable, particularly given that the last German takeover of a Swedish defense company, which was TKMS or ThyssenKrupp, as was, taking over, uh, what was the Kockum submarine business.

That was eventually reversed by the, uh, Swedish government forcibly.

And actually, when I say forcibly, I mean at the point of a gun renationalizing the business.

But rising tensions are also bringing new opportunities.

Naval builder TKMS, a subsidiary of steel giant ThyssenKrupp, has moved into a huge assembly hall of a former shipyard here.

In a matter of months, this empty dock should be home to ThyssenKrupp Marine Systems submarine building program.

Demand for the deep sea hunters is rising again, not just in the Baltic Sea on Germany's doorstep.

We're arriving here with a full order book, and we have an outlook that extends well into the 2030s and even beyond.

Although, of course, like, um, a lot of the names, uh, still exist in the, um, corporate landscape, like Krupp.

ThyssenKrupp, for example.

I think the Krupps, the Krupps were a...

They were an inspiration for the family in this film, I think.