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6 Jürgen Fechter Executive Board Chairman of ThyssenKrupp Stainless AG and Executive Board Member of ThyssenKrupp AG ---
To the business partners, friends and employees of our company ThyssenKrupp sTainless aG Letter from the Executive Board Chairman Brief The stainless steel industry has had to contend with an extremely difficult market environment in recent months. Increasing energy prices, high and volatile raw material prices and cheap imports of stainless flat products to Europe from Asia in particular have created uncertainty among our customers, leading to a weaker market and falling revenues. The global financial crisis beginning in the late summer also impacted the real economy, resulting in a further collapse in orders. These unfavorable conditions significantly affected the performance of the Stainless group in the past fiscal year and continue to overshadow our business. In view of the global financial crisis and its serious effects on the real economy, ThyssenKrupp Stainless AG will increase its efforts to respond to unforeseeable consequences with adequate steps. Within the Stainless group we are working hard to improve the unsatisfactory situation. This includes pressing ahead with the measures launched in connection with the strategic development of the Stainless segment. Thanks to large capital investment ThyssenKrupp Acciai Speciali Terni with its integrated mill in Terni will improve its competitive position significantly. The construction of the Stainless plant in Alabama is proceeding well on schedule. Despite exceeding the investment budget, we continue to believe that ThyssenKrupp Stainless USA will play a major role on the North American stainless market and make its contribution to the earnings of the Stainless group. With ThyssenKrupp Nirosta we have stepped up our customer focus drive. The expansion of our service center operations, like at EBOR Edelstahl in Sachsenheim, allows us to increase value added and respond more effectively to customer needs. In the high-performance alloys area we have significantly improved our market position with the startups of the open-die forge at ThyssenKrupp VDM in Unna and the electron beam furnace at ThyssenKrupp Titanium in Essen. A central element in securing and strengthening our position on the market is the development of new and improved materials. Continuously expanding our research activities in this area and widening the range of uses of our materials is a major priority within the ThyssenKrupp Group and at ThyssenKrupp Stainless in particular. The importance of this is demonstrated by the establishment of a new Executive Board directorate for strategic product development at ThyssenKrupp Nirosta, which will also coordinate the development of stainless steel grades and applications within the Stainless group. This year’s ThyssenKrupp Stainless annual report contains a series of outstanding examples of new and improved products from the research laboratories of ThyssenKrupp Stainless. These provide less expensive alternatives to previous materials, allow our customers to move forward and expand their business, and open up new uses for our materials. The ThyssenKrupp Stainless 2007/08 annual report gives you an insight into our global business and strategic investments. By reading it you will learn more about the world of our materials. Yours JürGen FechTer Executive Board Chairman of ThyssenKrupp Stainless AG 7
Page 1 and 2: Stainless + Alloys Our materials ar
Page 3: Contents 03 --- ThyssenKrupp Stainl
Page 7 and 8: 03 01 02 01 --- Jürgen H. Fechter
Page 9 and 10: 01 Strategic focus sTainless sTraTe
Page 11 and 12: Strategic focus The goal of Thyssen
Page 13 and 14: 02 Market environment/ Business per
Page 15 and 16: Market environment ThyssenKrupp sTa
Page 17 and 18: Business performance In fiscal 2007
Page 19 and 20: innovaTive maTerials New applicatio
Page 21 and 22: 03 Employees services In our servic
Page 23 and 24: Employees ThyssenKrupp sTainless aG
Page 25 and 26: ThyssenKrupp sTainless aG Employees
Page 27 and 28: 04 Capital expenditures compeTiTive
Page 29 and 30: Capital expenditures ThyssenKrupp s
Page 31 and 32: The construction of the ThyssenKrup
Page 33 and 34: 05 Research and development maTeria
Page 35 and 36: Research and development ThyssenKru
Page 37 and 38: ThyssenKrupp sTainless aG Research
Page 39 and 40: 06 Sustainability/ Environmental pr
Page 41 and 42: Sustainability ThyssenKrupp Stainle
Page 43 and 44: Environmental protection ThyssenKru
Page 45 and 46: 07 Operating companies/ Further inf
Page 47 and 48: Operating companies ThyssenKrupp ni
Page 49 and 50: ThyssenKrupp mexinox, s.a. de c.v.
Page 51 and 52: shanGhai Krupp sTainless co. lTd. 1
Page 53 and 54: ThyssenKrupp vdm Gmbh Plettenberger
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A. CONSOLIDATED SUBSIDIARIES as at
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Magazine for the 2007-2008 Annual R
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stainless steel MaGaZine sTainLess
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high-performance materials MaGaZine
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Contact Publisher ThyssenKrupp Stai
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