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JFE Holdings

 
Hoover's Profile: JFE Holdings, Inc.
(OTC:JFEEF)
Contact Information
JFE Holdings, Inc.
1- 5-1 Marunouchi, Chiyoda-ku
Tokyo 100-6527, Japan
Tel. +81-3-3217-4049
Fax +81-3-3214-6110

Type: Public
On the web: http://www.jfe-holdings.co.jp

JFE Holdings has an iron will unmatched in Japan and the rest of the world. The "J" in JFE stands for "Japan"; "F" is for "Fe," the chemical symbol for "iron"; and "E" stands for "engineering." JFE Holdings' steel business unit -- which accounts for about 90% of total sales -- manufactures steel products such as bars, pipes, steel frames, tubes and stainless steel for the automotive, construction, and petroleum industries. Its engineering unit makes products such as gasifying and melting furnaces, water purification plants, steelworks plants and equipment, and steel structures used in the energy, environmental, and steel structural sectors.

Key numbers for fiscal year ending March, 2009:
Sales: $40,173.2M
One year growth: 12.7%
Net income: $1,996.5M
Income growth: (24.3%)

Officers:
President, CEO, and Board Member: Fumio Sudo
SVP Finance and Investor Relations: Environmental Services & Equipment

Competitors:
ArcelorMittal
Nippon Steel
Sumitomo Metal Industries

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Wikipedia: JFE Holdings
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JFE Holdings, Inc.
Type Public KK (TYO: 5411)
Founded 2002 (from merger)
Headquarters Tokyo, Japan
Key people Fumio Sudo, President & CEO
Industry Steel
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
The headquarters of JFE Holdings, Inc., at Marunouchi, Chiyoda, Tokyo

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 WWII.

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.

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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