Word: thyssens
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West Germany's steel industry rose from the ashes to surpass its prewar record in steel production, has raised its capacity to 29.3 million tons yearly. Led by the huge combines of Alfried Krupp and August Thyssen-Hutte, the German industry is flexing its muscles, reconcentrating once more to make itself more efficient, aggressively seeking out new markets from India to South America. In Great Britain, heavily bombed in the war, the steel industry is now among the world's most modern. Britain's biggest steel company is United Steel Companies Ltd., whose chairman, Sir Walter Benton...
Hans Holbein's first portrait of Henry VIII was a miniature, done in 1537 to win the King's good graces. Four hundred years later German Industrialist Baron Heinrich Thyssen-Bornemisza bought the panel from Britain's Earl Spencer. Over loud protests from the London art world, he carried it off triumphantly to his villa on the Swiss side of Lake Lugano. Reproduced full-scale opposite, the picture smoothly reveals the great and terrible monarch in all his bejeweled, beplumed, begorged splendor. But Holbein at his most flattering could not help penetrating...
...Thyssen collection of old masters runs to some 500 works, including dozens that rival even the Holbein in quality. But this banquet for the eyes is off the tourist track at Lugano, tucked away in a wing of Thyssen's cypress-shaded palazzo. Made public partly for tax purposes, the museum is not open all year or every day, but whoever gets to Lugano between April 1 and Nov. 1 can take the trolley to the Thyssen estate and present himself at the gates Friday through Monday for one of the treats of his life...
...Eight. The trend toward reconcentration of West German industry affects more than Krupp. Eight big firms-Krupp (with Bochumer Verein), Dortmund-Horder Hlittenunion, Phoenix-Rheinrohr, Mannesmann, Hoesch Werke, Klockner-Werke, August Thyssen-Hütte, Hüttenwerk Oberhausen-control 75% of West Germany's steel production, almost 40% of German coal...
...make the ring even tighter, August Thyssen-Hütte, one of the keystones of a huge Third Reich steel combine of 177 companies, has applied to the High Authority to merge with Phoenix-Rheinrohr, West Germany's third biggest steel producer. The move would create a giant even bigger than Krupp-Bochumer Verein, with a 6,000,000-ton capacity and nearly $1 billion in sales. Mannesmann, the No. 4 steel producer, recently eliminated several of its subsidiaries, absorbed them into the main firm. The trend to growth extends beyond iron and coal. Friedrich Flick, a prewar steel...