Thyssen founded in Duisburg

Background. Duisburg lies at the confluence of the Ruhr and the Rhine, a position that has historically made it an important center of trade, industry, and transportation. The expansion of coal mining, ironworks, and steel production transformed the city into one of Germany's key industrial centers during the Industrial Revolution. Big industrial companies such as the iron and steel producing firms Thyssen and Krupp influenced the city's development within the Prussian Rhine Province. August Thyssen was a German industrialist, founder and controlling shareholder of Thyssen & Co, which became ThyssenKrupp.

Acquisition of Gewerkschaft Deutscher Kaiser. In September 1891, August Thyssen and his brother Joseph acquired all shares of the coal mining company Gewerkschaft Deutscher Kaiser. This acquisition was a pivotal step in establishing Thyssen's industrial empire, providing the raw materials necessary for the subsequent expansion of steel production facilities in the region.

Industrial Expansion. On 17 December 1891, the steelworks of Gewerkschaft Deutscher Kaiser opened in Hamborn, today part of Duisburg. Subsequently, the plant was modernized and expanded by August Thyssen, becoming a vertically integrated company producing iron and steel and manufacturing ships, machines, and other goods.