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Kobe Steel, Ltd. (株式会社神戸製鋼所, ''Kabushiki gaisha Kōbe Seikō-sho''), is a major Japanese steel manufacturer headquartered in Chūō-ku,
In 1905, the general partnership trading company Suzuki Shoten acquired a steel business in Wakinohama, Kobe, called Kobayashi Seikosho, operated by Seiichiro Kobayashi, and changed its name to Kobe Seikosho. Then, in 1911, Suzuki Shoten spun off the company to establish Kobe Steel Works, Ltd. at Wakinohamacho, Kobe. {{{Cite web, url=http://www.suzukishoten-museum.com/footstep/history/cat3/cat3/post-158.php , title=神戸製鋼所設立の歴史① , publisher=鈴木商店記念館 , accessdate=28 August 2022
After the Russo-Japanese War, as the Imperial Japanese Navy adopted a policy of fostering civilian factories, Kobe Steel received technical guidance and orders from the Kure Naval Arsenal and other arsenals in Maizuru and Yokosuka, and expanded its scale. {{{Cite web, url=http://www.suzukishoten-museum.com/footstep/history/cat3/cat3/post-155.php , title=神戸製鋼所設立の歴史③ , publisher=鈴木商店記念館 , accessdate=28 August 2022
The company later expanded its performance, partly due to the wartime shipbuilding boom, and began to make its way as a machinery manufacturer; in 1918 it took over the rights to produce diesel engines from the Swiss company Sulzer, which helped speed up the Japanese naval, marine, locomotive and automobile transport sectors. {{{Cite web, url=http://www.suzukishoten-museum.com/footstep/history/cat3/cat3/post-152.php , title=神戸製鋼所設立の歴史⑤ , publisher=鈴木商店記念館 , accessdate=28 August 2022
Today, the KOBELCO Group operates a broad range of business fields that cover Steel & Aluminum, Advanced Materials, Welding, Machinery, Engineering, Construction Machinery, and Electric Power. {{{Cite web, url=https://www.kobelco.co.jp/about_kobelco/outline/integrated-reports/index.html , title=統合報告書 , publisher=株式会社神戸製鋼所 , accessdate=28 August 2022
In the Great Hanshin Earthquake of January 1995, the Kobe head office building and company housing collapsed, and the No. 3 Blast Furnace at the Kobe Steel Works was also damaged, resulting in an emergency shutdown, causing approximately JPY 100 billion in damage, the largest for a private company. The Third Blast Furnace, which restarted only two and a half months after the earthquake, had become a 'symbol of recovery', but was suspended in October 2017 in order to strengthen competitiveness. {{Cite news , title= 神戸製鋼、神戸の高炉休止 震災復興の象徴、歴史に幕 , newspaper=朝日新聞 , date=31 October 2017 , url=https://www.asahi.com/articles/ASKB002YJKBZPLFA00W.html , accessdate=28 August 2022 In recent years, the company has been focusing on fields other than steel, such as aluminium, machinery, and electric power, and is clearly aiming to change from being a 'steelmaker' to a 'manufacturer that also handles steel'. {{{Cite web, url=https://www.kobelco.co.jp/about_kobelco/outline/integrated-reports/index.html , title=統合報告書 , publisher=株式会社神戸製鋼所 , accessdate=28 August 2022
Former prime minister Shinzō Abe worked at Kobe Steel before entering politics.{{cite news , date=12 October 2017 , title=Kobe Steel admits falsifying data on 20,000 tonnes of metal , work= The Economist , url=https://www.economist.com/news/business/21730244-it-latest-long-list-scandals-have-befallen-corporate-japan-kobe-steel-admits
* Tokyo Head Office
* Takasago Works
* Kobe Corporate Research Laboratories
* Kakogawa Works
* Research & Development Laboratory
* Kobe Wire Rod & Bar Plant
* Fujisawa Office
* Ibaraki Plant
* Saijo Plant
* Fukuchiyama Plant
* Moka Works
* Chofu Works
* Daian Works
神戸製鋼所寄贈 戦艦「陸奥」スクリュー.png, Screw of IJN Battleship Mutsu, donated by Kobe Steel (Yamato Museum)
Yukikaze ikari 01.jpg, Main anchor of IJN destroyer Yukikaze with the engraving 'KOBE STEEL WORKS LTD' (JMSDF the First Service School)
Kobeseiko Te-Gō.jpg, IJA Kobeseiko Te-Gō
Official global website
{{in lang, en
Kobelco Construction Machinery Europe
{{Nikkei 225 {{Authority control Steel companies of Japan Crane manufacturers Construction equipment manufacturers of Japan Companies listed on the Tokyo Stock Exchange Companies listed on the Nagoya Stock Exchange Companies listed on the Osaka Exchange Manufacturing companies based in Kobe Manufacturing companies established in 1905 Japanese companies established in 1905 Defense companies of Japan Japanese brands Midori-kai Industrial machine manufacturers
Kobe
Kobe ( , ; officially , ) is the capital city of Hyōgo Prefecture Japan. With a population around 1.5 million, Kobe is Japan's seventh-largest city and the third-largest port city after Tokyo and Yokohama. It is located in Kansai region, whic ...
. KOBELCO is the unified brand name of the Kobe Steel Group.
Kobe Steel has the lowest proportion of steel operations of any major steelmaker in Japan and is characterised as a conglomerate comprising the three pillars of the Materials Division, the Machinery Division and the Power Division.
The materials division has a high market share in wire rods and aluminium materials for transport equipment, while the machinery division has a high market share in screw compressors. In addition, the power sector has one of the largest wholesale power supply operations in the country. {{{Citeweb, url=https://www.kobelco.co.jp/about_kobelco/outline/integrated-reports/index.html , title=統合報告書 , publisher=株式会社神戸製鋼所 , accessdate=28 August 2022
Kobe Steel is a member of the Mizuho keiretsu
A is a set of companies with interlocking business relationships and shareholdings. In the legal sense, it is a type of informal business group that are loosely organized alliances within the social world of Japan's business community. The ''ke ...
. It was formerly part of the DKB Group, Sanwa Group keiretsu, which later were subsumed into Mizuho.
The company is listed on the Tokyo & Nagoya Stock Exchange, where its stock is a component of the Nikkei 225.
As of March 31, 2022, Kobe Steel has 201 subsidiaries and 50 affiliated companies across 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 ...
, Asia, Europe, the Middle East and the US. Its main production facilities are Kakogawa Steel Works and Takasago Works. {{{Citeweb, url=https://www.kobelco.co.jp/about_kobelco/outline/integrated-reports/index.html , title=統合報告書 , publisher=株式会社神戸製鋼所 , accessdate=28 August 2022
Kobe Steel is also famous as the owner of the rugby team Kobelco Steelers.
History
In 1905, the general partnership trading company Suzuki Shoten acquired a steel business in Wakinohama, Kobe, called Kobayashi Seikosho, operated by Seiichiro Kobayashi, and changed its name to Kobe Seikosho. Then, in 1911, Suzuki Shoten spun off the company to establish Kobe Steel Works, Ltd. at Wakinohamacho, Kobe. {{{Cite web, url=http://www.suzukishoten-museum.com/footstep/history/cat3/cat3/post-158.php , title=神戸製鋼所設立の歴史① , publisher=鈴木商店記念館 , accessdate=28 August 2022
After the Russo-Japanese War, as the Imperial Japanese Navy adopted a policy of fostering civilian factories, Kobe Steel received technical guidance and orders from the Kure Naval Arsenal and other arsenals in Maizuru and Yokosuka, and expanded its scale. {{{Cite web, url=http://www.suzukishoten-museum.com/footstep/history/cat3/cat3/post-155.php , title=神戸製鋼所設立の歴史③ , publisher=鈴木商店記念館 , accessdate=28 August 2022
The company later expanded its performance, partly due to the wartime shipbuilding boom, and began to make its way as a machinery manufacturer; in 1918 it took over the rights to produce diesel engines from the Swiss company Sulzer, which helped speed up the Japanese naval, marine, locomotive and automobile transport sectors. {{{Cite web, url=http://www.suzukishoten-museum.com/footstep/history/cat3/cat3/post-152.php , title=神戸製鋼所設立の歴史⑤ , publisher=鈴木商店記念館 , accessdate=28 August 2022
Today, the KOBELCO Group operates a broad range of business fields that cover Steel & Aluminum, Advanced Materials, Welding, Machinery, Engineering, Construction Machinery, and Electric Power. {{{Cite web, url=https://www.kobelco.co.jp/about_kobelco/outline/integrated-reports/index.html , title=統合報告書 , publisher=株式会社神戸製鋼所 , accessdate=28 August 2022
In the Great Hanshin Earthquake of January 1995, the Kobe head office building and company housing collapsed, and the No. 3 Blast Furnace at the Kobe Steel Works was also damaged, resulting in an emergency shutdown, causing approximately JPY 100 billion in damage, the largest for a private company. The Third Blast Furnace, which restarted only two and a half months after the earthquake, had become a 'symbol of recovery', but was suspended in October 2017 in order to strengthen competitiveness. {{Cite news , title= 神戸製鋼、神戸の高炉休止 震災復興の象徴、歴史に幕 , newspaper=朝日新聞 , date=31 October 2017 , url=https://www.asahi.com/articles/ASKB002YJKBZPLFA00W.html , accessdate=28 August 2022 In recent years, the company has been focusing on fields other than steel, such as aluminium, machinery, and electric power, and is clearly aiming to change from being a 'steelmaker' to a 'manufacturer that also handles steel'. {{{Cite web, url=https://www.kobelco.co.jp/about_kobelco/outline/integrated-reports/index.html , title=統合報告書 , publisher=株式会社神戸製鋼所 , accessdate=28 August 2022
Former prime minister Shinzō Abe worked at Kobe Steel before entering politics.{{cite news , date=12 October 2017 , title=Kobe Steel admits falsifying data on 20,000 tonnes of metal , work= The Economist , url=https://www.economist.com/news/business/21730244-it-latest-long-list-scandals-have-befallen-corporate-japan-kobe-steel-admits
Domestic Locations
* Kobe Head Office
* Tokyo Head Office
* Takasago Works
* Kobe Corporate Research Laboratories
* Kakogawa Works
* Research & Development Laboratory
* Kobe Wire Rod & Bar Plant
* Fujisawa Office
* Ibaraki Plant
* Saijo Plant
* Fukuchiyama Plant
* Moka Works
* Chofu Works
* Daian Works
Overseas Regional Headquarters and Offices
* Kobe Steel USA Inc. (U.S. headquarters): 19575 Victor Parkway, Suite 200 Livonia, MI, 48152, USA * Kobelco (China) Holding Co., Ltd. (China headquarters, investment company): Room 3701, Hong Kong New World Tower, No.300 Middle Huai Hai Zhong Road, Huangpu District, Shanghai, 200021, People's Republic of China * Kobelco (China) Holding Co., Ltd. (Guangzhou Branch): Room 1203, #285 East Linhe Road, Tianhe District, Guangzhou City, Guangdong Province, People's Republic of China * Kobelco South East Asia Ltd. (Regional headquarters for Southeast Asia and South Asia): 17th Floor, Sathorn Thani Tower ll, 92/49 North Sathorn Road, Khwaeng Silom, Khet Bangrak, Bangkok, 10500, Kingdom of Thailand * Kobelco Europe GmbH (Regional Headquarters for Europe and the Middle East): Luitpoldstrasse 3, 80335 Munich, GermanyBusiness Units & Main Products {{{Cite web, url=https://www.kobelco.co.jp/about_kobelco/outline/integrated-reports/index.html , title=統合報告書 , publisher=株式会社神戸製鋼所 , accessdate=28 August 2022
Steel & Aluminum
* Steel Sheets * Wire Rods and Bars * Aluminum Plate * Steel PlatesWelding
* Robots and Electric Power Sources * Welding MaterialsAdvanced Materials
* Steel Castings and Forgings * Titanium * Copper Sheet and Strip * Steel PowderMachinery
* Standard Compressors * Rotating Machinery * Tire and Rubber Machinery * Plastic Processing Machinery * Advanced Technology Equipment * Rolling Mill・Press Machine * Ultra High Pressure Equipment * Energy & Chemical FieldEngineering
* Iron Unit Field * Advanced Urban Transit SystemElectric Power
* Wholesale Power SupplyScandal
In October 2017, Kobe Steel admitted to falsifying data on the strength and durability of its aluminium, copper and steel products. The scandal deepened when the company said it found falsified data on its iron ore powder, which caused its shares to fall 18%. By 11 October, shares had fallen by a third. After testing the parts of theirbullet trains
Bullet train may refer to:
Rail
* Shinkansen high-speed trains of Japan, nicknamed for their appearance and speed
* Other high-speed trains of a similar appearance to Japanese trains
* An ongoing project to build high-speed rail in India.
Rail to ...
, the Central Japan Railway Company
is the main railway company operating in the Chūbu (Nagoya) region of central Japan. It is officially abbreviated in English as JR Central and in Japanese as JR Tōkai ( ja, JR東海, links=no). ''Tōkai'' is a reference to the geographical ...
announced that 310 components were discovered to contain sub-standard parts supplied by Kobe Steel.
Following further news in October 2017 that car makers Toyota, Nissan
, trade name, trading as Nissan Motor Corporation and often shortened to Nissan, is a Japanese multinational corporation, multinational Automotive industry, automobile manufacturer headquartered in Nishi-ku, Yokohama, Japan. The company sells ...
, and General Motors
The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...
, and train manufacturer Hitachi
() is a Japanese multinational corporation, multinational Conglomerate (company), conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (''Hitachi Gurūpu'') and had formed part of the Ni ...
, were among 200 companies affected by the Kobe Steel's mislabelling, which had potential safety implications for their vehicles, the CEO of Kobe Steel conceded that his company now had "zero credibility". Other affected companies include Ford, Boeing and Mitsubishi Heavy Industries. CEO Kawasaki promised to lead an internal investigation. On 13 October 2017, Kobe Steel admitted that the number of companies misled was over 500.
Despite the costs of dealing with the scandal, Kobe Steel issued a revised profit forecast in February 2018 announcing that it expects to generate a net profit of ¥45 billion ($421 million) for the full 2017 fiscal year, marking its first net profit in three years.{{Cite news, url=https://www.japantimes.co.jp/news/2018/02/02/business/corporate-business/kobe-steel-expects-net-profit-fiscal-2017-despite-data-fabrication-scandal, title=Kobe Steel expects net profit for fiscal 2017 despite data fabrication scandal, date=2018-02-02, work=The Japan Times, access-date=2018-02-26, language=en-US
Gallery
See also
{{Portal, Japan, Engineering, Companies * Kobeseiko Te-GōReferences
{{ReflistExternal links
Official global website
{{in lang, en
Kobelco Construction Machinery Europe
{{Nikkei 225 {{Authority control Steel companies of Japan Crane manufacturers Construction equipment manufacturers of Japan Companies listed on the Tokyo Stock Exchange Companies listed on the Nagoya Stock Exchange Companies listed on the Osaka Exchange Manufacturing companies based in Kobe Manufacturing companies established in 1905 Japanese companies established in 1905 Defense companies of Japan Japanese brands Midori-kai Industrial machine manufacturers