BERLIN -- Berthold Beitz, who was honoured for saving hundreds of Jews in occupied Poland during the Second World War and became one of postwar West Germany's leading industrialists, has died at 99.

Steel maker ThyssenKrupp AG, where he was the honorary chairman of the supervisory board, said in a statement that Mr. Beitz died on Tuesday.

Mr. Beitz and his wife, Else, were honoured by Germany's main Jewish group in 2000 for saving hundreds of Jewish workers at an oil field he managed in occupied Poland from deportation to Nazi death camps.

German Chancellor Angela Merkel called Mr. Beitz one of the country's most distinguished and successful businessmen and stressed his "brave and exemplary support for Jewish workers during World War II."

The president of the Central Council of Jews in Germany, Dieter Graumann, said of Mr. Beitz: "He was a great man. His humaneness in dark times remains a role model for us today."

In 2000, the council awarded Mr. Beitz its highest honour, the Leo-Baeck Award.

"Together with his wife [Mr. Beitz] saved the lives of hundreds of Jews - I wish there had been more people like him," Mr. Graumann said.

In 1973, Mr. Beitz was given the Righteous Among the Nations honorific by the Israeli Yad Vashem Holocaust Museum - the highest honour given to a gentile for saving Jews.

Mr. Beitz was born on Sept. 26, 1913, in Zemmin in eastern Germany. He studied to become a banker and took a position at an oil field in occupied Poland in 1939.

He saved many of the Jewish workers at the oil field from the Nazis' death camps, sometimes by hiding them together with Else, whom he married in 1939, at his home. The couple had three daughters.

In August, 1942, he saved 250 Jews from being deported to the Belzec death camp by claiming they were indispensable to keep up production, according to Yad Vashem's biography of him.

Asked after the end of the Third Reich about his personal motivation, Mr. Beitz said, according to Yad Vashem, "There was no anti-Fascism, no resistance. We watched from morning to evening as close as you can get what was happening to the Jews. ... When you see a woman with her child in her arms being shot, and you yourself have a child, then your response is bound to be completely different."

In the 1950s, Mr. Beitz agreed to administer the Krupp steel company, which was heavily involved in armaments production during the war. He headed the company in various positions for around 60 years.

In 1967, he launched a foundation with the late Alfried Krupp's fortune, supporting projects in Israel among others.

"He worked on reconciling with Israel and put his mark on Germany's economic history in the years after the war when the country was being rebuilt, during the economic boom, during the Cold War and until far after the fall of the Iron Curtain," the foundation wrote in a statement.

Until recently, Mr. Beitz went to work at his office in Essen in western Germany almost every day, according to German news agency dpa. In a rare interview, with Suddeutsche Zeitung newspaper in March, he said, "I'm going to continue this as long as I can, as long as I'm clear in my head."

Besides being one of Germany's industrial leaders, he also was an honorary member of the International Olympic Committee and, via the Krupp Foundation, invested heavily in the arts and the revitalization of the Ruhr Valley region.