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JGC Holdings Corporation

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Japanese company

JGC Holdings Corporation
Headquarters inNishi-ku, Yokohama
Native name
日揮ホールディングス株式会社
Nikki Hōrudingusu Kabushiki-gaisha
Formerly
  • Japan Gasoline Co., Ltd. (1928-1976)
  • JGC Corporation (1976-2019)
Company typePublic
TYO:1963
TOPIX 100 Component
Nikkei 225 Component
ISINJP3667600005
IndustryEngineering
Construction services
FoundedOctober 25, 1928; 97 years ago (1928-10-25)
FounderMasao Saneyoshi
HeadquartersMinato Mirai,Nishi-ku,Yokohama 220-6001, Japan
Key people
Masayuki Sato (chairman of the board andCEO)
Tadashi Ishizuka (president andCOO)
RevenueIncreaseJPY 879.9 billion (FY 2015) (US$ 7.3 billion) (FY 2015)
Increase JPY 42.7 billion (FY 2015) (US$ 356 million) (FY 2015)
Number of employees
7,554 (consolidated, as of March 31, 2017)
Websitejgc.com
Footnotes / references
[1][2][3][4]

JGC Holdings Corporation (日揮ホールディングス株式会社,Nikki Hōrudingusu Kabushiki-gaisha), formerlyJGC Corporation (日揮株式会社,Nikki Kabushiki-gaisha), and before thatJapan Gasoline Co. (日本揮発油株式会社,Nihon kihatsuyu kabushiki gaisha), is a global engineering company headquartered inYokohama, Japan.

The company was founded on 25 October 1928. In 1976, it changed its original name from Japan Gasoline Co. to JGC Corp. In 2019, it changed its name to JGC Holdings Corporation to reflect its changed corporate structure.[5] JGC participates in the design and construction of large energy projects, such asAl Zour Refinery,Nigeria LNG,Pearl GTL,Ichthys LNG,Gorgon LNG, Tangguh LNG andDolphin Gas Project[6][7][8] and over the course of the company's history it implemented over 20,000 projects in 50 countries.[9]

The company is listed on the first section ofTokyo Stock Exchange and is a constituent of theTOPIX 100[10] andNikkei 225[11]stock market indices.

Overview

[edit]

The company is a leading engineering company in Japan. Their main business is "building manufacturing facilities to make products." These manufacturing facilities include oil refineries, petrochemical and chemical plants,LNG plants, and natural gas processing plants.[12]

Since its establishment, the company has carried out over 20,000 projects in more than 80 countries worldwide, boasting one of the most remarkable track records in the world. Especially in the area of LNG plants, they have designed and built plants that account for more than 30% of the world's production volume. During the plant construction boom in the late 2000s due to high crude oil prices, they adopted a selective order strategy, reducing sales while achieving record-high profits.[12]

In recent years, they have been exploring and expanding into new areas such as waste plastic gasification facilities, SAF production facilities, and lunar propellant plants. This indicates a move away from their traditional reliance solely on oil & gas operations.[12]

While the scale of their business in this sector isn't massive, they also have a track record in the life sciences field related to medicine and pharmaceuticals. In 2008, they won a contract for the facility maintenance, operation, and procurement ofTokyo's Mental Health Center for about 15 years. This marked the first hospital PFI business for a domestic engineering company in Japan. Moreover, they are earnestly embarking on environmental businesses, including carbon credit trading, and participation in water quality improvement projects in China has been reported. In North America, they have started an oil development business as a 100% owned operator (producing about 1,000 barrels per day), indicating a notable expansion beyond plants.[12]

Domestically in Japan, the company, along with Toyo Engineering andChiyoda Chemical Construction, was once called the "Big Three of Engineering." However, as of 2020, the company significantly outpaces the other two in terms of net profit and order backlog.[12]

Every month, on the last day, they advertise prominently on the front page of the morning edition of theNihon Keizai Shimbun newspaper.[13]

References

[edit]
  1. ^"Company Profile". JGC Corporation. RetrievedSeptember 17, 2017.
  2. ^"Company History". JGC Corporation. RetrievedAugust 14, 2014.
  3. ^"Company Profile".Nikkei Asian Review.Nikkei Inc. Archived fromthe original on September 13, 2017. RetrievedSeptember 17, 2017.
  4. ^"JGC Corporation Financial Statements".Bloomberg Businessweek. Archived fromthe original on August 14, 2014. RetrievedAugust 14, 2014.
  5. ^"Company Profile: About Us".JGC HOLDINGS CORPORATION. RetrievedJune 24, 2021.
  6. ^Evans, Damon (March 11, 2008)."Pearl GTL set for big payback".Upstream Online.NHST Media Group. RetrievedApril 20, 2008.
  7. ^"Dolphin Gas Project, Ras Laffan, Qatar". hydrocarbons-technology.com. RetrievedJuly 12, 2007.
  8. ^"KBR booked in Nigeria graft case".Upstream Online.NHST Media Group. February 9, 2009. RetrievedNovember 8, 2009.
  9. ^Koh, Kheng-Lian; Lye, Lin-Heng; Lin, Jolene (2010).Crucial Issues in Climate Change and the Kyoto Protocol: Asia and the World.World Scientific. p. 146.ISBN 978-981-4277-52-5.
  10. ^"TOPIX Large70 Components"(PDF).Japan Exchange Group. Archived fromthe original(PDF) on October 13, 2013. RetrievedAugust 14, 2014.
  11. ^"Components:Nikkei Stock Average".Nikkei Inc. RetrievedAugust 14, 2014.
  12. ^abcde"廃プラスチックガス化ケミカルリサイクル | 資源循環 | 日揮ホールディングス株式会社".日揮ホールディングス株式会社(JGC HOLDINGS CORPORATION) (in Japanese). RetrievedOctober 31, 2023.
  13. ^"日揮HD、新会社を設立 国内初「国産SAF」の大規模生産実現に向け | Merkmal(メルクマール)".Merkmal(メルクマール) | 交通・運輸・モビリティ産業の最新ビジネスニュース (in Japanese). November 8, 2022. RetrievedOctober 31, 2023.

External links

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