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IHI Corporation

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IHI Corporation
Native name
Chu thức hội xã IHI
Company typePublicKK
TYO:7013
IndustryHeavy equipment
Founded5 December 1853;170 years ago(1853-12-05)
HeadquartersToyosu IHI Building,Tokyo,Japan
Key people
ProductsSpace development
Jet engines
Diesel engines
Gas engines
Industrial machinery
Bridge & steel structures
Energy systems
etc
RevenueDecrease¥1486.33 billion (2016)[1]
Increase¥47.39 billion (2016)[1]
Increase¥5.25 billion (2016)[1]
Total assetsDecrease¥1692.83 billion (2016)[1]
Total equityIncrease¥309.99 billion (2016)[1]
OwnerDKB Group
Number of employees
26,618 (2013)
ParentDai-ichi Life(3.49%)
Websiteihi.co.jp

IHI Corporation(Chu thức hội xã IHI,Kabushiki-gaisha IHI),formerly known asIshikawajima-Harima Heavy Industries Co., Ltd.(Thạch xuyên đảo bá ma trọng công nghiệp chu thức hội xã,Ishikawajima Harima Jūkōgyō Kabushiki-gaisha)is a Japanese engineering corporation headquartered inTokyo,Japanthat produces and offersships,space launch vehicles,aircraft engines,marinediesel engines,gas turbines,gas engines,railway systems,turbochargersforautomobiles,plant engineering, industrial machinery,power stationboilers and other facilities,suspension bridgesand other structures.[2]

IHI is listed on theTokyo Stock ExchangeSection 1. Following the reporting of a companywhistleblowerin February 2024, on April 24, 2024, the company announced that investigation was underway by theMinistry of Land, Infrastructure, Transport and Tourismof its subsidiary, IHI Power Systems Co., which had falsified its engine data since 2003, affecting over 4,000 engines worldwide.

History

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  • 1853 – establishment of Ishikawajima Shipyard by theMito Domainunder order from theEdo Shogunate,who faced thePerry Expeditionand the subsequent pressure to compete with theGreat Powers,in Ishikawajima, Chuo district of Tokyo.
  • 1854–1856 – construction of theJapanese warshipAsahi Maruat 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 (laterIsuzuthrough a series of mergers)
  • 1960 – establishment ofIshikawajima-Harima Heavy Industries Co., Ltd.through a merger of Ishikawajima and Harima
  • 1995 – IHI andSumitomo Heavy Industriesmerged a warship business and established Marine United Ltd. TheUraga Dock Companywas the origin in the shipbuilding of Sumitomo Heavy Industries. It was made byEnomoto Takeaki.However, Sumitomo Heavy Industries moved Uraga Dock to Yokosuka in 2003. IHI moved a shipbuilding section to Marine United in 2002 and changed its name toIHI Marine United Ltd.IHI Marine United became the subsidiary of IHI in 2006.
  • 2000 – purchasedNissan Motor's Aerospace and Defense Divisions and establishedIHI Aerospace Co., Ltd.
  • 2007 – name changed to IHI Corporation.
  • 2008 –Hauzer Techno Coatingjoins IHI Corporation asPVD coatingmachine manufacturer
  • 2012 – IHI Corporation acquiresIonbond,provider of innovative coating services
  • 2013 – establishedJapan Marine UnitedCorporation, merging its ship building unit, Marine United Inc., with Universal Shipbuilding Corp. ofJFE Holdingsafter discussion started in April 2008[3]
  • 2016 – sold all shares of wholly owned IHI Construction Machinery Limited to Kato Works Company Limited.[4]
  • 2018 – IHI halts manufacturing nuclear reactor parts to focus on aircraft parts,[5]leavingJapan Steel Worksas the sole Japanese supplier of reactor parts.
  • 2024 – Subsequent to the February report of a company whistleblower;[6]on April 24, IHI Corp. announced that its subsidiary, IHI Power Systems Co., had been falsifying fuel consumption and efficiency data of engines used in ships and trains since 2003, affecting 4,361 engines. Investigation by theMinistry of Land, Infrastructure, Transport and Tourismensued.[7]

Businesses

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Energy and resources

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  • Energy systems[8]
  • Process plants[9]
  • Energy storage[10]

Gas turbines

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Aircraft engines

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IHI develops, manufactures, and maintainsaero engines,either by joint projects of which partners includeGE Aviation,Pratt & Whitney,andRolls-Royce Holdings,or the company itself.[12]

In-house development

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Joint development

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Licensed production

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Parts manufacturing

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Space products

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Ships

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Shipbuilding was the founding activity of Ishikawajima in 1853. It remains part of IHI's business activities, although it has been diluted through several mergers with other Japanese shipbuilding companies.[14]

In 1960, Ishikawajima Heavy Industries merged with Harima Shipbuilding & Engineering Company to establish the Ishikawajima-Harima Heavy Industries (IHI). In 1995, Marine United was established jointly withSumitomo Heavy Industries. In 2013, IHI Marine United was merged with Universal Shipbuilding Corporation owned by the steel companyJFE Holdingsin order to newly establish a larger firm,Japan Marine UnitedCorporation (JMU), of which IHI remained a shareholder.

In March 2020,Japan Marine United(with 49% of shares) agreed to merge withImabari Shipbuilding(with 51% of shares) into a joint venture namedNihon Shipyard(NSY), covering all ship types exceptLiquefied natural gas(LNG) tankers.[15]This agreement became effective in January 2021. In parallel with the creation of Nihon Shipyard,Imabari Shipbuildingbought 30% of JMU's shares, while IHI andJFE Holdingseach kept 35% of JMU's capital. The merger between these two Japanese companies resulted in Nihon Shipyard becoming one of the largest marine-engineering and shipbuilding companies in the world, of which IHI remains a shareholder.

IHI Marine United Tokyo shipyard

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Ships built atTokyo:

IHI Marine United Yokohama shipyard

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Ships built atYokohama:

IHI Marine United Uraga shipyard

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Ships built atUraga:

IHI Amtec shipyard

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Ships built atAioi:

Steel structures

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IHI Infrastructure Systems Co., Ltd.,an IHI company, designs and constructssteel framestructures, bridges, andwatergates.[16]

Bridges

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References

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  1. ^abcdeCONSOLIDATED FINANCIAL REPORT FOR THE FISCAL YEAR ENDED MARCH 31, 2017ArchivedJuly 2, 2021, at theWayback Machinewww.ihi.co.jpaccessed 30 May 2021
  2. ^I. H. Corporation."Products｜IHI Corporation".IHI Corporation.Retrieved2020-07-29.
  3. ^Suga, Masumi (20 January 2012)."JFE, IHI to Merge Shipbuilding Units to Survive Competition".Bloomberg.
  4. ^"IHI Agrees to Transfer IHI Construction Machinery Shares to Kato Works｜Industrial Systems and General-purpose Machinery｜2016FY｜News｜IHI Corporation".Archived fromthe originalon 2022-01-10.Retrieved2022-01-10.
  5. ^IHI-to-shift-output-from-reactor-components-to-plane-parts
  6. ^"Japan's IHI rigged data for over 4,000 engines at least since 2003".english.kyodonews.net.Kyodo News.Retrieved29 April2024.
  7. ^"IHI Subsidiary Falsifies Data on Engine Performances of Ships and Trains".The Japan News.Retrieved29 April2024.
  8. ^"Energy Systems".IHI. Archived fromthe originalon 2015-05-15.Retrieved2015-04-11.
  9. ^"Storage Plants & Process Plants & Pharmaceutical Plants".IHI. Archived fromthe originalon 2021-10-24.Retrieved2015-04-11.
  10. ^"Energy Storage".IHI.Retrieved2016-03-01.
  11. ^gas_turbinewww.ihi.co.jp
  12. ^aircraft_engineswww.ihi.co.jp
  13. ^"GE Adds Revenue-Sharing Participants for the New GEnx Jet Engine | GE Aviation".www.geaviation.com.Retrieved2020-07-29.
  14. ^company/history/indexwww.ihi.co.jp
  15. ^Announcement of the conclusion of Agreement regarding Capital and Business Alliance and Establishment of Joint Venture CompanyArchived2021-01-17 at theWayback Machinewww.jmuc.co.jp
  16. ^"IHI Infrastructure Systems Co., Ltd".ocaji.or.jp. Archived fromthe originalon 19 April 2021.Retrieved3 February2020.
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