ThyssenKrupp is a European multinational conglomerate corporation based in Duisburg and Essen, Germany. The corporation consists of 670 companies worldwide. While ThyssenKrupp is one of the world's largest steel producers, the company also provides components and systems for the automotive industry, elevators, escalators, material trading and industrial services. They have about 155,000 employees in nearly 80 countries. ThyssenKrupp generates 33% of its consolidated sales in its home market.