JFE Holdings

JFE Holdings, Inc.
Public KK
Traded as TYO: 5411
Industry Steel, wind turbine manufacturing
Founded 2002 (from merger)
Headquarters Tokyo, Japan
Key people
 Fumio Sudo, President & CEO
Products Steel, flat steel products, long steel products, wire products, plates
Revenue Increase ¥ 3,539.802 billion JPY (FY 2007)
Increase ¥ 261.845 billion JPY (FY 2007)
Number of employees
 56,688 (2007)
Subsidiaries JFE Steel
JFE Engineering
Website www.JFE-Holdings.co.jp
The headquarters of JFE Holdings, Inc., at Marunouchi, Chiyoda, Tokyo

JFE Holdings, Inc. (JFE ホールディングス株式会社 Jeiefuī Hōrudingusu Kabushiki-gaisha) is a corporation headquartered in Tokyo, Japan. It was formed in 2002 by the merger of NKK (日本鋼管株式会社 Nihon Kōkan Kabushiki-gaisha) and Kawasaki Steel Corporation (川崎製鉄株式会社 Kawasaki Seitetsu Kabushiki-giasha). At the time, NKK Corporation was Japan's second largest steelmaker and Kawasaki Steel was the third largest steelmaker.[1] Both companies were major military vessel manufacturers during World War II.

JFE's main business is steel production. It also engages in engineering, ship building, real-estate redevelopment, and LSi business.[2] The company also operates several overseas subsidiaries, including California Steel in the United States, Fujian Sino-Japan Metal in China, and Minas da Serra Geral in Brazil. Other than steel, they are also known for products such as the bicycle tree.

JFE Holdings is the fifth largest Steel maker in the world with revenue in excess of US$30 billion. JFE Holdings has several subsidiaries including JFE Engineering, JFE Steel and JFE Shoji.

NKK and Siderca S.A. of Argentina established a seamless pipe joint venture by spinning off the seamless pipe division of NKK's Keihin Works in 2000. In November 2009, JFE agreed to partner with JSW Steel, India's third-largest steel producer, to construct a joint steel plant in West Bengal.[3]

Its shipbuilding unit, Universal Shipbuilding was created in 2002 when NKK Corporation a predecessor of JFE, merged its shipbuilding unit with that of Hitachi Zosen. In 2012, JFE merged its ship building unit, Universal Shipbuilding Corporation, with Marine United Inc. of IHI after discussion started in April 2008 to form Japan Marine United Corporation[4] It aims to become Japan’s largest shipbuilder.[5]

Major plant locations

Super-rapid charging

JFE Engineering Corporation is developing a quick charge system that it claims can take a battery from zero charge to 50% full in about 3 minutes. It has two batteries, one that stores electrical energy from the grid and another that delivers it to the car at extremely high current (500-600 amps), which allows it to use a low-voltage power supply.[6] The company claims that even though one station costs about $63,000, that’s roughly 40% less than the competing CHAdeMO system.[7]

Rationale for Bicycle Tree

This integrated steelmaker sought to develop new products and diversify its production as it encountered stiff competition from rising output of steelmakers in Korea and China. This was necessary because steelmaking is very dependent on economy of scale, and because JFE was suffering from a shrinking domestic market for crude steel due to Japan's population decline and Japan's economic slump.

References

  1. ↑ "Japan steel merger to join No. 2, No. 3 - tribunedigital-baltimoresun". Articles.baltimoresun.com. 2001-04-14. Retrieved 2015-05-28.
  2. ↑ "JFE Holdings, Inc. - Company Profile - Outline of JFE Group - Business Scale, Lines of Business/Products and Production Bases". Jfe-holdings.co.jp. Retrieved 2015-05-28.
  3. ↑ Sunil Nair (November 19, 2009). "JSW Steel, Japan JFE to consider steel plant in India". Reuters. Retrieved November 20, 2009.
  4. ↑ Suga, Masumi (2012-01-30). "JFE, IHI to Merge Shipbuilding Units to Survive Competition". Bloomberg.com. Retrieved 2015-05-28.
  5. ↑ "JFE, IHI Ship Merger to Target $6.2 Billion of Sales in 5 Years - Bloomberg Business". Bloomberg.com. 2012-03-01. Retrieved 2015-05-28.
  6. ↑ Keisuke Ogawa (2010-06-21). "JFE Engineering Announces 'Super-rapid' EV Charging System". Tech-On!. Nikkei Business Publications. Retrieved 2010-06-27.
  7. ↑ Nick Chambers (2010-05-05). "Ultra Quick Battery Charge System Developed: 50% Full in 3 Minutes". gas2.0. Retrieved 2010-06-27.

External links

This article is issued from Wikipedia - version of the Friday, February 19, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.