is a corporation headquartered in

Tokyo Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most ...

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

. It was formed in 2002 by the

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

of and and owns JFE Steel, JFE Engineering and Japan Marine United. JFE is from Japan, Fe (the

chemical element A chemical element is a chemical substance whose atoms all have the same number of protons. The number of protons is called the atomic number of that element. For example, oxygen has an atomic number of 8: each oxygen atom has 8 protons in its ...

symbol of

iron Iron is a chemical element; it has symbol Fe () 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, forming much of Earth's o ...

) and

Engineering Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...

. In 2020, it was 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 o ...

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 (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...

. JFE's main business is

steel Steel is an alloy of iron and carbon that demonstrates improved mechanical properties compared to the pure form of iron. Due to steel's high Young's modulus, elastic modulus, Yield (engineering), yield strength, Fracture, fracture strength a ...

production. It also engages in

engineering Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...

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

subsidiaries A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unl ...

, including California Steel Industries in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

, Fujian Sino-Japan Metal in

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

, and Minas da Serra Geral in

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

. Other than steel, they are also known for products such as the bicycle tree. 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, and part-owns Japan Marine United, a major

shipbuilding Shipbuilding is the construction of ships and other Watercraft, floating vessels. In modern times, it normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation th ...

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 language, Bengali: , , abbr. WB) is a States and union territories of India, state in the East India, eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabi ...

. 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. 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 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, Imabari, Ehime Prefecture, Japan. It is Japan's largest shipbuilder both in terms of tonnage and sales revenue, with design, researc ...

(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, chargepoint, or electric vehicle supply equipment (EVSE), is a power supply electrical device, device that supplies electrical power for recharging plug-in electric vehicles (including batter ...

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 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 1 c ...

), 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 CHAdeMO is a electric vehicle charging, fast-charging system for battery electric vehicles, developed in 2010 by the CHAdeMO Association, formed by the Tokyo Electric Power Company and five major Japanese automakers. The name is an abbreviation o ...

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.

Mergers and Spinoffs

Products

Super-rapid charging

Bicycle Tree

Carbon footprint

References

External links