Estel
Estel (steel mill) was a merged steel company that had been agreed between Hoogovens in IJmuiden , the Netherlands , and Hoesch in Dortmund in 1972. Estel's head office was in Nijmegen , halfway between IJmuiden and Dortmund. The building of the former Estel headquarters still exists there.
The merger ended in 1982 at the instigation of Hoesch CEO Detlev Karsten Rohwedder , who implemented the knowledge that the corporate cultures did not match and that the Dutch steel managers also systematically discriminated against the interests of the Dortmund operations when making decisions.
Both of the Estel parts of the company are no longer independent; Hoogovens was renamed from British Steel to Corus and was taken over by the Tata Group in 2007 , Hoesch AG was the victim of the first hostile takeover in German large-scale industry by Krupp in 1991 and is now part of ThyssenKrupp AG after the merger of Krupp and Thyssen .
Individual evidence
- ↑ Thilo Koch: Werk und Wir 1973 World in Transition. F. Bruckmann KG, Munich 1972, p. 5.
- ^ Report of the Westfälische Rundschau on 200 years of Krupp company history from November 19, 2011, accessed on March 3, 2012