- Business
- Toyo Engineering Corporation (6330.T) provides engineering, procurement, and construction services for industrial facilities worldwide, specializing in oil and gas, petrochemicals, chemicals, renewable energy, power generation, water treatment, transportation infrastructure, and environmental projects; core offerings include design, material procurement, construction, test operations, and technical assistance for plants such as FPSO units, ethylene complexes, ammonia facilities, hydrogen/syngas production, g-Methanol, DME, CCUS systems, DX-PLANT, and proprietary technologies like ACES21, COREFLUX, SUPERHIDIC, HSC, OASE, HERO, and spout fluid bed granulation. Founded in 1961 and headquartered at 2-8-1 Akanehama, Narashino-shi, Chiba, Japan, the company operates across Asia, North America, South America, the Middle East, and other regions, serving clients in hydrocarbons, energy transition, biotechnology, and advanced manufacturing sectors with a workforce of approximately 6,229 employees as of March 2025. Recent developments include awarding two new FPSO projects in Brazil and Guyana, securing the first phase of a major gas-chemical complex overhaul in collaboration with a Thai partner under a 2024 MoU, reporting strong first-quarter fiscal 2026 results with net sales of ¥49.3 billion and new orders of ¥11.5 billion plus equity affiliate contributions, relocating its head office to Makuhari Technical Center in Chiba for enhanced technology investment scheduled for January 2025, and advancing sustainable initiatives like fuel ammonia, e-fuel, SAF, and renewable energy projects amid its Medium-term Management Plan 2021-2025.