JFE Holdings

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JFE Holdings, Inc.
JFE
Native name
JFEジェイエフイーホールディングス株式会社
Romanized name
Jeiefuī Hōrudingusu kabushiki gaisha
Type Public KK
TYO: 5411
NAG: 5411
TOPIX Large 70 Component
ISIN JP3386030005
Industry Steel
PredecessorNKK Corporation
Kawasaki Steel
FoundedSeptember 27, 2002;18 years ago (2002-09-27) (through merger)
Headquarters,
Japan
Area served
Worldwide
Key people
Eiji Hayashida
(President and CEO)
Products
  • Steel
  • Flat steel products
  • Long steel products
  • Wire products
  • Steel plates
Services
  • Engineering
  • Trading services
Revenue JPY 3,308 billion (FY 2016) (US$ 30.5 billion) (FY 2016)
JPY 67.9 billion (FY 2016) (US$ 627 million) (FY 2016)
Number of employees
60,439 (consolidated, as of March 31, 2017)
Subsidiaries JFE Steel
JFE Engineering
Japan Marine United (45.93%)
Website Official website
Footnotes /references
[1] [2]

JFE Holdings, Inc. (JFEジェイエフイー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, Nippon Kōkan Kabushiki-gaisha) and Kawasaki Steel Corporation (川崎製鉄株式会社, Kawasaki Seitetsu Kabushiki-gaisha) and owns JFE Steel, JFE Engineering and Japan Marine United. JFE is from Japan, Fe (the chemical element symbol of iron) and Engineering. In 2020, it is ranked 365th in Fortune Global 500 List.

Contents

Mergers and Spinoffs

At the time JFE Holdings was created in 2002, NKK Corporation was Japan's second largest steelmaker and Kawasaki Steel was the third largest steelmaker. [3] 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. The company also operates several overseas subsidiaries, including California Steel Industries 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. [4]

JFE Holdings owns JFE Steel, the fifth largest steel maker in the world with revenue in excess of US$30 billion. JFE Holdings has other subsidiaries including JFE Engineering, JFE Steel and JFE Shoji, [4] and part-owns Japan Marine United, a major shipbuilding company.

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. [4] 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. [5] In July 2010, JFE acquired a 14.9% stake in India's JSW Steel Ltd.

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 [6] It aims to become Japan’s largest shipbuilder. [7]

Products

Super-rapid charging

JFE Engineering Corporation is developing a quick charging station 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 ampere), which allows it to use a low voltage power supply. [8] The company claims that even though one station costs about $63,000, that’s roughly 40% less than the competing CHAdeMO system. [9]

Bicycle Tree

The bicycle tree is an automatic storage system for bicycles that can hold up to 6,000 bikes. The systems works by fitting the bicycle with an electronic tag and a computer saves the owner's data. Then a mechanical arm pulls the bike into a cylindrical well and stores it in a free location. When the owner wants to retrieve the bike, a card is swiped through a reader and the computer retrieves the bike based on the data. [10]

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References

  1. "Outline of JFE Holdings". JFE Holdings. Retrieved November 28, 2017.
  2. "Company Profile". Nikkei Asian Review . Nikkei Inc. Retrieved November 28, 2017.
  3. "JJapan steel merger to join No. 2, No. 3". The Baltimore Sun . April 14, 2001. Retrieved May 28, 2015.
  4. 1 2 3 Picken, Stuart D. B. (December 19, 2016). Historical Dictionary of Japanese Business. Rowman & Littlefield Publishers. pp. 215–216. ISBN   978-1-4422-5589-0.
  5. Sunil Nair (November 19, 2009). "JSW Steel, Japan JFE to consider steel plant in India". Reuters . Retrieved November 20, 2009.
  6. Suga, Masumi (January 30, 2012). "JFE, IHI to Merge Shipbuilding Units to Survive Competition". Bloomberg.com. Retrieved May 28, 2015.
  7. "JFE, IHI Ship Merger to Target $6.2 Billion of Sales in 5 Years - Bloomberg Business". Bloomberg.com. March 1, 2012. Retrieved May 28, 2015.
  8. Keisuke Ogawa (June 21, 2010). "JFE Engineering Announces 'Super-rapid' EV Charging System". Tech-On!. Nikkei Business Publications . Retrieved June 27, 2010.
  9. Nick Chambers (May 5, 2010). "Ultra Quick Battery Charge System Developed: 50% Full in 3 Minutes". gas2.0. Retrieved June 27, 2010.
  10. Munk, David (November 5, 2009). "Has Japan designed the world's best bike shed?". The Guardian . Retrieved November 28, 2017.