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JGC Holdings Corporation

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JGC Holdings Corporation, formerly JGC Corporation (日揮株式会社, Nikki Kabushiki-gaisha), and before that Japan Gasoline Co. (日本揮発油株式会社, Nihon kihatsuyu kabushiki gaisha), is a global engineering company headquartered in Yokohama, Japan.

JGC Holdings Corporation
Native name
日揮株式会社
Nikki Kabushiki-gaisha
Company typePublic (K.K)
TYO: 1963
TOPIX 100 Component
Nikkei 225 Component
ISINJP3667600005
IndustryEngineering
Construction services
FoundedOctober 25, 1928; 96 years ago (1928-10-25)
FounderMasao Saneyoshi
HeadquartersMinato Mirai, Nishi-ku, Yokohama 220-6001, Japan
Key people
Masayuki Sato
(Chairman of the Board and CEO)
Tadashi Ishizuka
(President and COO)
RevenueIncrease JPY 879.9 billion (FY 2015) (US$ 7.3 billion) (FY 2015)
Increase JPY 42.7 billion (FY 2015) (US$ 356 million) (FY 2015)
Number of employees
7,554 (consolidated, as of March 31, 2017)
Websitejgc.com
Footnotes / references
[1][2][3][4]

The company was founded on 25 October 1928. In 1976, it changed its original name from Japan Gasoline Co. to JGC Corp. In 2019, it changed its name to JGC Holdings Corporation to reflect its changed corporate structure.[5] JGC participates in the design and construction of large energy projects, such as Al Zour Refinery, Nigeria LNG, Pearl GTL, Ichthys LNG, Gorgon LNG, Tangguh LNG and Dolphin Gas Project[6][7][8] and over the course of the company's history it implemented over 20,000 projects in 50 countries.[9]

The company is listed on the first section of Tokyo Stock Exchange and is a constituent of the TOPIX 100[10] and Nikkei 225[11] stock market indices.

Overview

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The company is a leading engineering company in Japan. Their main business is "building manufacturing facilities to make products." These manufacturing facilities include oil refineries, petrochemical and chemical plants, LNG plants, and natural gas processing plants.[12]

Since its establishment, the company has carried out over 20,000 projects in more than 80 countries worldwide, boasting one of the most remarkable track records in the world. Especially in the area of LNG plants, they have designed and built plants that account for more than 30% of the world's production volume. During the plant construction boom in the late 2000s due to high crude oil prices, they adopted a selective order strategy, reducing sales while achieving record-high profits.[12]

In recent years, they have been exploring and expanding into new areas such as waste plastic gasification facilities, SAF production facilities, and lunar propellant plants. This indicates a move away from their traditional reliance solely on oil & gas operations.[12]

While the scale of their business in this sector isn't massive, they also have a track record in the life sciences field related to medical and pharmaceuticals. In 2008, they won a contract for the facility maintenance, operation, and procurement of Tokyo's Mental Health Center for about 15 years. This marked the first hospital PFI business for a domestic engineering company in Japan. Moreover, they are earnestly embarking on environmental businesses, including carbon credit trading, and participation in water quality improvement projects in China has been reported. In North America, they have started an oil development business as a 100% owned operator (producing about 1,000 barrels per day), indicating a notable expansion beyond plants.[12]

Domestically in Japan, the company, along with Toyo Engineering and Chiyoda Chemical Construction, was once called the "Big Three of Engineering." However, as of 2020, the company significantly outpaces the other two in terms of net profit and order backlog.[12]

Every month, on the last day, they advertise prominently on the front page of the morning edition of the Nihon Keizai Shimbun newspaper.[13]

References

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  1. ^ "Company Profile". JGC Corporation. Retrieved September 17, 2017.
  2. ^ "Company History". JGC Corporation. Retrieved August 14, 2014.
  3. ^ "Company Profile". Nikkei Asian Review. Nikkei Inc. Archived from the original on September 13, 2017. Retrieved September 17, 2017.
  4. ^ "JGC Corporation Financial Statements". Bloomberg Businessweek. Archived from the original on August 14, 2014. Retrieved August 14, 2014.
  5. ^ "Company Profile: About Us". JGC HOLDINGS CORPORATION. Retrieved June 24, 2021.
  6. ^ Evans, Damon (March 11, 2008). "Pearl GTL set for big payback". Upstream Online. NHST Media Group. Retrieved April 20, 2008.
  7. ^ "Dolphin Gas Project, Ras Laffan, Qatar". hydrocarbons-technology.com. Retrieved July 12, 2007.
  8. ^ "KBR booked in Nigeria graft case". Upstream Online. NHST Media Group. February 9, 2009. Retrieved November 8, 2009.
  9. ^ Koh, Kheng-Lian; Lye, Lin-Heng; Lin, Jolene (2010). Crucial Issues in Climate Change and the Kyoto Protocol: Asia and the World. World Scientific. p. 146. ISBN 978-981-4277-52-5.
  10. ^ "TOPIX Large70 Components" (PDF). Japan Exchange Group. Archived from the original (PDF) on October 13, 2013. Retrieved August 14, 2014.
  11. ^ "Components:Nikkei Stock Average". Nikkei Inc. Retrieved August 14, 2014.
  12. ^ a b c d e "廃プラスチックガス化ケミカルリサイクル | 資源循環 | 日揮ホールディングス株式会社". 日揮ホールディングス株式会社（JGC HOLDINGS CORPORATION） (in Japanese). Retrieved October 31, 2023.
  13. ^ "日揮HD、新会社を設立 国内初「国産SAF」の大規模生産実現に向け | Merkmal（メルクマール）". Merkmal（メルクマール） | 交通・運輸・モビリティ産業の最新ビジネスニュース (in Japanese). November 8, 2022. Retrieved October 31, 2023.
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