Neha Patil (Editor)

JFE Holdings

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Type
  
Public KK

Headquarters
  
Tokyo, Japan

Founded
  
2002

Traded as
  
TYO: 5411

CEO
  
Hajime Bada (1 Apr 2010–)

Number of employees
  
56,688

JFE Holdings httpsuploadwikimediaorgwikipediaen77dJFE

Industry
  
Steel, wind turbine manufacturing

Key people
  
Fumio Sudo, President & CEO

Products
  
Steel, flat steel products, long steel products, wire products, plates

Revenue
  
¥ 3,539.802 billion JPY (FY 2007)

Stock price
  
5411 (TYO) JP¥ 2,026 -15.00 (-0.73%)17 Mar, 3:00 PM GMT+9 - Disclaimer

Subsidiaries
  
Japan Marine United, JFE Steel Corporation

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-gaisha). At the time, NKK Corporation was Japan's second largest steelmaker and Kawasaki Steel was the third largest steelmaker. Both companies were major military vessel manufacturers during World War II.

Contents

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 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.

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 It aims to become Japan’s largest shipbuilder.

Major plant locations

  • Chiba
  • Kawasaki, Kanagawa
  • Kurashiki, Okayama
  • Fukuyama, Hiroshima
  • 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. The company claims that even though one station costs about $63,000, that’s roughly 40% less than the competing CHAdeMO system.

    References

    JFE Holdings Wikipedia