“Market Cap $6.21 B As of May 2014
At a Glance
- Industry: Heavy Equipment
- Founded: 1889
- Country: Japan
- CEO: Tamotsu Saito
- Website: www.ihi.co.jp
- Employees: 26,618
- Sales: $12.9 B
- Headquarters: Tokyo
#1047 Global 2000
- #754 in Sales
- #1195 in Profit
- #1375 in Assets
- #1648 in Market value
IHI Corp. engages in the design, manufacture, sale, installation, repair, overhaul, and maintenance of heavy machinery. It operates through the following segments: Energy and Resources, Ships and Offshore Facilities, Social Infrastructure, Logistics Systems and Industrial Machinery, Rotating Equipment and Mass Production Machinery, Aero Engine and Space, and Other. The Energy and Resources segment covers boilers, gas turbines, components for nuclear power plants, storage facilities, process plants, power systems, and floating liquefied natural gas storage facilities. The Ships and Offshore Facilities segment handles shipbuilding, ship repairs, and offshore structures. The Social Infrastructure segment includes bridges, construction materials, and real estate sales and rental. The Logistics Systems and Industrial Machinery segment deals with material handling, physical distribution and automation, parking, traffic, and environmental control systems; steel manufacturing equipment, and paper production machines. The Rotating Equipment and Mass Production Machinery segment manufactures and sells compressors and vehicular turbochargers. The Aero Engine and Space segment covers jet engines, space-related equipment, and defense systems and machinery. The Other segment includes diesel engines, agricultural and construction machinery, and other services. The company was founded on December 5, 1853 and is headquartered in Tokyo, Japan“
- 1853 – establishment of Ishikawajima Shipyard
- 1889 – incorporation of Ishikawajima Shipyard as Ishikawajima Shipbuilding & Engineering Co., Ltd.
- 1907 – establishment of Harima Dock Co., Ltd.
- 1929 – spinoff of Harima’s automobile section as Ishikawajima Automotive Works (later Isuzu through a series of mergers)
- 1960 – establishment of Ishikawajima-Harima Heavy Industries Co., Ltd. through a merger of Ishikawajima and Harima
- IHI and Sumitomo Heavy Industries merged a warship business in 1995 and established Marine United Ltd. The Uraga Dock Company was the origin in the shipbuilding of Sumitomo Heavy Industries. It was made by Enomoto Takeaki. However, Sumitomo Heavy Industries moved Uraga Dock to Yokosuka in 2003. IHI moved a shipbuilding section to Marine United in 2002 and changed name to IHI Marine United Ltd. IHI Marine United became the subsidiary of IHI in 2006.
- 2000 – purchased Nissan Motor’s Aerospace and Defense Divisions and established IHI Aerospace Co., Ltd.
- 2007 – name changed to IHI Corporation
- 2012 – merged its ship building unit, Marine United Inc., with Universal Shipbuilding Corp. of JFE Holdings after discussion started in April 2008″
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “Brooke Anding“