IHI CORP. Overview
Company Headquarters: Tokyo, Japan
Founded: 1853
Workforce: 29,286
Company Working: IHI Corp. engages in the designing, manufacturing, sales, installation, repair, and maintenance of heavy machines. The company’s business operating segments include resources, energy and environment; social infrastructure and offshore facilities; industrial system and general-purpose machinery; aero engine, space and defense; and others. The resources, energy, and environment operating segment comprise boilers, motors for land and marine use, power systems, gas processes for storage facilities and chemical plants, nuclear power, environmental systems, gas engines, and pharmaceutical plants. The industrial system and general-purpose machinery segment cover rotating machinery, logistics systems, materials handling equipment, parking systems, steel manufacturing equipment, industrial machinery, heat and surface treatment equipment, papermaking machinery, vehicular turbochargers, and compressors, construction machinery, and agricultural equipment. The social infrastructure and offshore facility business segment deal with bridges, water gates, steel structures, shield tunneling machines, transportation systems, urban development, and security. The aero-engine, space and defense segment handles aircraft engines, rocket systems, space exploration, and defense systems. The others segment includes inspection and measurement businesses as well as the manufacture and sale of related equipment. The company has its presence in Europe, Asia-Pacific, and the Middle East & Africa.
Strategy
IHI follows both organic and inorganic growth approaches and focuses on maintaining its position in the tunnel boring machine market across the globe. The company also considers acquisitions and collaborations as one of the essential elements of its corporate strategy to enable the process of innovation, increase customer base, and strengthen its products and services portfolio. High focus on innovation and quality and healthy client relationships have helped the company to win various orders for tunnel boring machines across the globe.
