 | |
 Headquarters at Hibiya International Building inChiyoda, Tokyo | |
| JFE | |
Native name | JFEホールディングス株式会社 |
Romanized name | Jeiefuī Hōrudingusu kabushiki gaisha |
| Company type | PublicKK |
| TYO:5411 NAG:5411 TOPIX Large 70 Component | |
| ISIN | JP3386030005 |
| Industry | Steel |
| Predecessor | NKK Corporation Kawasaki Steel |
| Founded | September 27, 2002; 23 years ago (2002-09-27) (through merger) |
| Headquarters | Uchisaiwaichō,Chiyoda-ku, Tokyo 100-0011 ,Japan |
Area served | Worldwide |
Key people | Eiji Hayashida (President andCEO) |
| Products |
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| Services |
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| 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ホールディングス株式会社,Jeiefuī Hōrudingusu Kabushiki-gaisha) is a corporation headquartered inTokyo,Japan. It was formed in 2002 by themerger ofNKK (日本鋼管株式会社,Nippon Kōkan Kabushiki-gaisha) andKawasaki Steel Corporation (川崎製鉄株式会社,Kawasaki Seitetsu Kabushiki-gaisha) and ownsJFE Steel,JFE Engineering andJapan Marine United. JFE is from Japan, Fe (thechemical element symbol ofiron) andEngineering. In 2020, it was ranked 365th inFortune Global 500 List.
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 duringWorld War II.
JFE's main business issteel production. It also engages inengineering,ship building, real-estate redevelopment, and LSi business. The company also operates several overseassubsidiaries, includingCalifornia Steel Industries in theUnited States, Fujian Sino-Japan Metal inChina, and Minas da Serra Geral inBrazil. Other than steel, they are also known for products such as thebicycle tree.[4]
JFE Holdings ownsJFE 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-ownsJapan Marine United, a majorshipbuilding 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 inWest 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 ofHitachi Zosen. In 2012, JFE merged its ship building unit, Universal Shipbuilding Corporation, with Marine United Inc. ofIHI after discussion started in April 2008 to formJapan Marine United Corporation[6] It aimed to become Japan's largest shipbuilder.[7] However, on January 1, 2021, JMU (with 49% of shares) merged into a new joint venture withImabari Shipbuilding (with 51% of shares) named Nihon Shipyard and covering all ship types except LNG tankers. In parallel, Imabari Shipbuilding bought 30% of JMU's shares. The cooperation between Imabari Shipbuilding and JMU make it one of the largest marine engineering and shipbuilding company in the world.
JFE Engineering Corporation is developing a quickcharging 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 thegrid and another that delivers it to the car at extremely high current (500-600ampere), which allows it to use alow voltage power supply.[8] The company claims that even though one station costs about $63,000, that's roughly 40% less than the competingCHAdeMO system.[9]
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]
