thyssenkrupp is a diversified industrial group with traditional strengths in materials and a growing share of capital goods and services businesses. About 160,000 employees in nearly 80 countries work with passion and technological expertise to develop high-quality products and intelligent industrial processes and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2016/2017 thyssenkrupp generated sales of around €43 billion.
Together with our customers we develop competitive solutions for the challenges of the future in the areas of Mechanical, Plant and Materials. With our engineering expertise we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-friendly way. For us, technical progress and innovations, allied with the combined strength of the Group, are key factors enabling us to meet current and future customer and market requirements around the world, grow on the markets of the future, and generate strong and stable earnings, cash flows and value growth.
Our relations to China go back to the 19thcentury when Alfred Krupp met the first delegation from China on 27 July 1866.Today, there are more than 30 manufacture companies, joint ventures and representative agencies affiliated to thyssenkrupp Group in China, employing more than 18,000 people, and a total sales figure of 3 billion Euros in the China Area in the 2016/2017 fiscal year.
China is the major focus for our strategic investment outside Germany. Today, thyssenkrupp Group provides products and services of most of its 5 business area also in China, including Elevator Technology, Components Technology, Materials Services, Industrial Solutions and Steel.