JFE Holdings

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Template:Use mdy dates Template:Infobox company

Template:Nihongo is a corporation headquartered in Tokyo, Japan. It was formed in 2002 by the merger of Template:Nihongo and Template:Nihongo and owns JFE Steel, JFE Engineering and Japan Marine United. JFE is from Japan, Fe (the chemical element symbol of iron) and Engineering.

History

  • September 2002 NKK and Kawasaki Steel jointly established JFE Holdings, a wholly owning parent company through share transfer.
  • April 2003 Reorganized both companies into JFE Steel, JFE Engineering, JFE Urban Development and JFE R&D through company split. Kawasaki Microelectronics, Inc. was implemented as a wholly owned subsidiary of the Company.
  • December 2003 JFE Steel established the joint venture company, Guangzhou JFE Steel Sheet Co., Ltd. (currently Equity-method affiliate) to manufacture and sell hot-dip galvanized steel sheet Guangzhou Iron and Steel Enterprises Holdings Ltd., in China (In April 2012, changed the joint venture partner to Guangzhou Steel Sheets Co., Ltd.)
  • April 2009 Transferred the research functions of JFE R&D, which related to engineering, to JFE Engineering, and also integrated JFE R&D into JFE Steel.
  • April 2011 JFE Steel merged with JFE Urban Development and succeed to the business of utlising the real property holding.
  • May 2011 Guangzhou JFE Steel Sheet Co., Ltd (GJSS), a joint venture, began operating a cold rolling mill.

See JFE Group History

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.[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. 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.[2]

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,[2] 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.[2] 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]

Subsidiaries

The following companies are fully or partially owned/operated under JFE Holdings

Climate Commitments

Raises 2030 CO2 Emissions-reduction Target to 30% or more above FY2013(February 8, 2022 announced)

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.[6] The company claims that even though one station costs about $63,000, that’s roughly 40% less than the competing CHAdeMO system.[7]

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.[8]

References

  1. ↑ "JJapan steel merger to join No. 2, No. 3". The Baltimore Sun. April 14, 2001. Retrieved May 28, 2015.
  2. ↑ 2.0 2.1 2.2 Picken, Stuart D. B. (December 19, 2016). Historical Dictionary of Japanese Business. Rowman & Littlefield Publishers. pp. 215–216. ISBN 978-1-4422-5589-0.
  3. ↑ Sunil Nair (November 19, 2009). "JSW Steel, Japan JFE to consider steel plant in India". Reuters. Retrieved November 20, 2009.
  4. ↑ Suga, Masumi (January 30, 2012). "JFE, IHI to Merge Shipbuilding Units to Survive Competition". Bloomberg.com. Retrieved May 28, 2015.
  5. ↑ "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.
  6. ↑ Keisuke Ogawa (June 21, 2010). "JFE Engineering Announces 'Super-rapid' EV Charging System". Tech-On!. Nikkei Business Publications. Retrieved June 27, 2010.
  7. ↑ Nick Chambers (May 5, 2010). "Ultra Quick Battery Charge System Developed: 50% Full in 3 Minutes". gas2.0. Retrieved June 27, 2010.
  8. ↑ Munk, David (November 5, 2009). "Has Japan designed the world's best bike shed?". The Guardian. Retrieved November 28, 2017.

External links

Template:Portal Template:TOPIX 100 Template:Nikkei 225

Wikipedia also has an article on ArcelorMittal (JFE Holdings). This article may use content from the Wikipedia article under the terms of the Creative Commons Attribution-ShareAlike 3.0 Unported License].

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