is a

corporation A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and r ...

headquartered in

Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.468 ...

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

. It was formed in 2002 by the

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

of and and owns

JFE Steel JFE Steel () is the second largest Japanese steel manufacturer. The company was created in 2002 through the merger of the steel manufacturing business of Kawasaki Steel and NKK (Nihon Kokan). It is owned by JFE Holdings, which is listed on the To ...

, JFE Engineering and

Japan Marine United (informally JMU) is a Japanese ship building marine engineering and service company headquartered in Yokohama, Japan. It's Japan’s second largest shipbuilder after Imabari Shipbuilding, with shipyard facilities in Kure, Hiroshima, Yokohama, ...

. JFE is from Japan, Fe (the

chemical element A chemical element is a species of atoms that have a given number of protons in their nuclei, including the pure substance consisting only of that species. Unlike chemical compounds, chemical elements cannot be broken down into simpler sub ...

symbol of

iron Iron () is a chemical element with symbol Fe (from la, ferrum) and atomic number 26. It is a metal that belongs to the first transition series and group 8 of the periodic table. It is, by mass, the most common element on Earth, right in f ...

) and

Engineering Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad rang ...

. In 2020, it is ranked 365th in

Fortune Global 500 The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine. Methodology Until 1989, it listed onl ...

List.

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. Both companies were major military vessel manufacturers during

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

. JFE's main business is

steel Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...

production. It also engages in

engineering Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad rang ...

ship building Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to befor ...

, real-estate redevelopment, and LSi business. The company also operates several overseas

subsidiaries A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a sa ...

, including California Steel Industries in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

, Fujian Sino-Japan Metal in

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

, and Minas da Serra Geral in

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

. Other than steel, they are also known for products such as the

bicycle tree A bicycle tree or ''cycle tree'' or ''bike tree'' is a bicycle parking system that resembles a tree in shape. There are a few types that have been developed. Some are manual, some use mechanical means to move the bike, assisting the bike by rai ...

. JFE Holdings owns

, 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, and part-owns

, a major

shipbuilding Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to befor ...

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. 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 West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of . West Bengal is the fourt ...

. 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 is a major Japanese industrial and engineering corporation. It produces waste treatment plants, industrial plants, precision machinery, industrial machinery, steel mill process equipment, steel structures, construction machinery, tunnel boring ma ...

. In 2012, JFE merged its ship building unit, Universal Shipbuilding Corporation, with Marine United Inc. of

IHI Ihi, Ehee (Nepal Bhasa:ईही) is a ceremony in the Newar community in Nepal in which pre-adolescent girls are "married" to the Suvarna Kumar which is a symbol of the god Vishnu, ensuring that the girl becomes and remains fertile. It is bel ...

after discussion started in April 2008 to form

Corporation It aimed to become Japan’s largest shipbuilder. However, on January 1, 2021, JMU (with 49% of shares) merged into a new joint venture with

Imabari Shipbuilding is a major Japanese ship building, marine engineering, and service company headquartered in Imabari, Ehime Prefecture, Japan. It is Japan’s largest shipbuilder both in terms of tonnage and sales revenue, with design, research, constructi ...

(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.

Products

Super-rapid charging

JFE Engineering Corporation is developing a quick

charging station A charging station, also known as a charge point or electric vehicle supply equipment (EVSE), is a piece of equipment that supplies electrical power for charging plug-in electric vehicles (including electric cars, electric trucks, electric ...

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 Grid, The Grid, or GRID may refer to: Common usage * Cattle grid or stock grid, a type of obstacle is used to prevent livestock from crossing the road * Grid reference, used to define a location on a map Arts, entertainment, and media * News g ...

and another that delivers it to the car at extremely high current (500-600

ampere The ampere (, ; symbol: A), often shortened to amp,SI supports only the use of symbols and deprecates the use of abbreviations for units. is the unit of electric current in the International System of Units (SI). One ampere is equal to elect ...

), which allows it to use a

low voltage In electrical engineering, low voltage is a relative term, the definition varying by context. Different definitions are used in electric power transmission and distribution, compared with electronics design. electrical safety codes define "low vo ...

power supply. The company claims that even though one station costs about $63,000, that’s roughly 40% less than the competing

CHAdeMO CHAdeMO is a fast-charging system for battery electric vehicles, developed starting in 2010 by the CHAdeMO Association, formed by the Tokyo Electric Power Company and five major Japanese automakers. The name is an abbreviation of "CHArge de MOve ...

system.

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.

Carbon footprint

JFE Holdings, Inc. reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 March 2019 at 60,500 Kt (+600/+1% y-o-y).Alt URL
/ref> There have been no significant reductions in recent years.

References

External links

JFE Holdings, Inc.
(English)
JFE Steel Corporation
(English)
JFE Engineering Corporation
(English) {{Authority control Steel companies of Japan Manufacturing companies based in Tokyo Holding companies based in Tokyo Electrical engineering companies of Japan Electrical wiring and construction supplies manufacturers Wind turbine manufacturers Shipbuilding companies of Japan Defense companies of Japan Companies listed on the Tokyo Stock Exchange Manufacturing companies established in 2002 Holding companies established in 2002 Japanese companies established in 2002 Fuyo Group Japanese brands Wind power in Japan