| Type | Public KK |
|---|---|
| Traded as | TYO: 5411 |
| Industry | Steel |
| Founded | 2002 (from merger) |
| Headquarters | Tokyo, Japan |
| Key people | Fumio Sudo, President & CEO |
| Products | Steel |
| Revenue | ¥ 3,539.802 billion JPY (FY 2007) |
| Net income | ¥ 261.845 billion JPY (FY 2007) |
| Employees | 56,688 (2007) |
| Subsidiaries | JFE Steel JFE Engineering |
| Website | www.JFE-Holdings.co.jp |
JFE Holdings, Inc. (JFE ホールディングス株式会社 Jeiefuī Hōrudingusu Kabushiki-gaisha, TYO: 5411) 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-giasha). Both companies were major military vessel manufacturers during World War II.
JFE's main business is steel production, although it also engages in engineering, construction, logistics, and chemicals. 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 world's fifth largest Steel maker in the world with revenue excess of US$3 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.[1]
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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.[2] The company claims that even though one station costs about $63,000, that’s roughly 40% less than the competing CHAdeMO system.[3]
This integrated steelmaker sought to develop new products and diversify its production as it encountered stiff competition from rising output of steelmakers in Korea and China. This was necessary because steelmaking is very dependent on economy of scale, and because JFE was suffering from a shrinking domestic market for crude steel due to Japan's population decline and Japan's economic slump.