Word: ttenwerk
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...must for survival. For a year now, 29 German steel producers have been coordinating their sales and investments through four regional cartels regarded as laboratories for eventual mergers. Last week two major steel companies, the legendary August Thyssen-Hütte and the oldest Ruhr steel producer, Hüttenwerk Oberhausen A.G. (HOAG), announced merger plans that would make them the world's fourth largest steel company, after U.S. Steel, the recently nationalized British Steel Corp. and Bethlehem Steel...
...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...
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