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Corporate Jul 3, 2019 2:21 PM

thyssenkrupp is recognised as one of the most innovative companies in Brazil

• For the 3rd consecutive year, the company was voted one of the five that innovate the most in the capital goods sector for the Valor Inovação award

• The ranking is organised by Valor Econômico newspaper and the Strategy& (PwC) consultancy

For the third consecutive year, thyssenkrupp is one of the five most innovative companies in the capital goods sector in the Valor Inovação Brasil ranking, which was announced on Tuesday (July 2nd) in São Paulo. The survey conducted by the Valor Econômico newspaper in partnership with the Strategy& (PwC) consultancy evaluates investments made in the country in terms of research, development and innovation activities, and recognises the 150 companies with the best initiatives in those aspects.

In the last fiscal year (2017/2018), thyssenkrupp invested € 787 million globally in research and development. “Our innovation strategy is based on the following pillars: responsibility throughout the product’s lifecycle, sustainability, evaluation of future markets, and the ability to bring new ideas quickly to the current market. Any idea that has business potential and/or results in productivity increase and sustainability is widely supported. Here, we are convinced that innovation is not only a matter of research and development, it should be part of every employee’s daily activities and mindset”, says the thyssenkrupp’s CEO for South America Paulo Alvarenga.

The Brazilian thyssenkrupp Industrial Solutions unit is a center of excellence in mining for the entire Group and is at the forefront of important innovations that are setting new standards in the sector. An example of this is the largest and most modern automated train load-out system (TLO) ever, which the Brazil’s team developed and implemented at a large iron ore mine in the country’s Northern region. With a 16,000 MT/h nominal capacity, the equipment eliminates human operational errors and significantly increases productivity.

This year, thyssenkrupp Elevator began marketing the MAX predictive maintenance solution in the country. It enables elevators to “talk” with technicians and anticipate faults that could compromise the equipment’s availability. It is already operational in more than 125 thousand elevators of more than 43 thousand thyssenkrupp’s customers around the world, and in Brazil the goal is to implement this technology in 50% of the installed customer base in up to three years.

thyssenkrupp is also a pioneer in Industry 4.0 in the country with the installation of an automotive components factory in 2015 that features digital technologies, interconnected processes across the chain, production monitored in a virtual environment, and other concepts that lead to great flexibility with efficiency gains, quality improvement and cost reduction.

About Valor Inovação 2019

In its fifth edition, the research assessed 210 companies based on criteria such as intent to innovate, efforts in innovating, results obtained, market evaluation and patent publication. To be considered, the company must have shown net revenue above R$ 500 million and have at least 5% of private capital in its shareholding composition.

The result is a ranking of corporations that have inserted constant creative processes at the core of their strategies, plans and goals.

About thyssenkrupp

thyssenkrupp is a diversified industrial company with a long-standing tradition in the materials market and has a growing share in the capital goods and services sector. Always aiming at sustainable progress, the company has more than 161,000 employees in 78 countries who work with passion and technological experience in developing high-quality products as well as intelligent processes and services for the industry. Competence and commitment are the foundation of our success. In the fiscal year 2017/2018, thyssenkrupp recorded a global turnover of approximately 42,7 billion euros.

thyssenkrupp has done business in Brazil since 1837 and employs approximately 8.000 in all of the country’s regions in the automotive, energy, infrastructure, mining, cement, civil construction, chemical, petrochemical and defence areas.