Toyo Engineering
- Company typePublic
- Founded1961
- HeadquartersChiba, Japan
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
Toyo Engineering firmographics
Firmographics- Name
- Toyo Engineering
- Legal name
- Toyo Engineering Corporation
- Website
- https://toyo-eng.com
- Company type
- Public
- Founded year
- 1961
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
Toyo Engineering industry classification
Industry- Product category
- Engineering Procurement Construction (EPC) Services
- NAICS
- Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Oil & Gas Field Machinery & Equipment (3533), Misc Industrial & Commercial Machinery & Equipment (3590)
- akta.pro primary industry
- Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)
- akta.pro secondary industries
- Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI), Biofuel Plant EPC, O&M & Process Technology Providers (EUAAAHAK)
Keywords
Where Toyo Engineering is headquartered
LocationHeadquarters
- HQ city
- Chiba
- HQ country
- Japan
- HQ region
- Asia
Offices3 records
Markets served
Toyo Engineering business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales
Revenue model
- EPC Contracts: Engineering, Procurement, and Construction contracts for industrial plant construction, including lump-sum EPC contracts for fertilizer plants and petrochemical facilities.
- Engineering and Construction Services: Engineering and construction contracts for expansion projects at petrochemical facilities, including new systems installation and expanded export logistics.
Go-to-market motion2 records
Toyo Engineering product offering
Product offeringCore offering
Toyo Engineering Corporation is a Japanese engineering, procurement and construction (EPC) company that delivers lump-sum and negotiated contracts for industrial plant construction, primarily serving the hydrocarbons, petrochemical, and fertilizer sectors worldwide. The company also develops proprietary energy-transition technologies including subsea carbon capture and storage (CCS) systems, closed-loop geothermal power systems, and AUV-based offshore wind inspection technology.
Differentiator
Problem solved
Functional benefit
Products and services
- GNFC Ammonium Nitrate-II Plant EPC Contract
- Aster Chemicals Ethylene Export Expansion Project
- Subsea Carbon Capture and Storage (CCS) Solutions
- Closed-Loop Geothermal Power System
- AUV-Based Offshore Wind Inspection System
- Daewoo E&C Co-Developed Plant Projects
- Rare Earth Seabed Recovery Technology Project
Quantifiable outcome
- Doubled ethylene export capacity by 2027 for Aster Chemicals facility
- +1 more outcomes
Companies that use Toyo Engineering
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles4 records
Toyo Engineering technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Toyo Engineering partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Aster Chemicals & EnergycoreEngineering and construction contracts awarded for $80 million ethylene export expansion project at Ethylene Cracker Complex on Bukom Island, Singapore. Toyo Engineering to provide new ethylene chiller system and expanded export logistics, strengthening integration with Chandra Asri's plant in Cilegon for end-to-end ethylene derivatives value chain.
- Daewoo E&CcoreSigned MoU to co-develop plant projects in sectors including fertilizer plants, methanol and clean fuel. Also discussed expanding global energy projects into ammonia, petrochemicals and renewable energy, as well as post-conflict reconstruction in the Middle East.
- OneSubseacoreMoU signed to explore collaboration in subsea carbon capture and storage (CCS) projects. Combining Toyo's CCS project development and onshore facility engineering expertise with OneSubsea's subsea technology and processing systems. Initially focusing on Japan and Southeast Asia markets, targeting system design optimization and marketing strategies for offshore CO2 transport, injection, and storage. OneSubsea is a joint venture of SLB, Aker Solutions, and Subsea7.
- Nippon Steel Engineering CorporationcoreCollaboration to develop roadmap for automating underwater inspection work for offshore wind power generation facilities using AUVs. Demonstration test conducted in October 2025 in Numazu City, Shizuoka Prefecture, targeting practical application around 2030.
- UTOC EngineeringcoreJointly awarded engineering and construction contracts with Toyo Engineering for Aster Chemicals ethylene export expansion project.
- OKI Electric IndustryminorPartner in AUV offshore wind inspection project, contributing fixed measurement barge SEATEC NEO for inspection testing.
- Mitsubishi Corp.coreJoint adoption of next-generation geothermal power techniques. Mitsubishi pursuing deep drilling technology while Toyo Engineering preparing to test closed-loop system to broaden scope of candidate sites and meet growing electricity demand from data centers.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Toyo Engineering competitors and assessment
Company assessmentDirect peers
- Petrofac: UK-listed EPC and operations services provider with strong Middle East and Asia presence, comparable business model of lump-sum EPC plus ongoing services, and similar exposure to oil & gas capex cycles.
- Chiyoda Corporation: Japanese EPC company with overlapping exposure to LNG, petrochemical, and energy transition projects. Comparable in scale, geographic focus on Middle East and Asia, and technology positioning including hydrogen and CCS initiatives.
- Worley Limited: Australia-based global EPC and energy services firm with comparable hydrocarbons-to-energy-transition pivot, similar project execution model, and overlapping client base in petrochemicals and offshore wind.
- Saipem: Italian EPC contractor with deep capabilities in offshore, subsea, and energy infrastructure — directly comparable to Toyo on subsea CCS positioning and large-diameter pipeline/injection projects.
- Larsen & Toubro (L&T) Hydrocarbon: Indian conglomerate's hydrocarbon EPC arm — directly comparable to Toyo India in regional petrochemical and fertilizer plant construction, with comparable scale and lump-sum EPC contract model.
- TechnipFMC: Subsea and surface EPC player with direct overlap on offshore CCS, subsea injection systems, and integrated project delivery — closely analogous to Toyo's OneSubsea partnership positioning.
- Daewoo E&C: Korean EPC major that Toyo signed an MoU with to co-develop fertilizer, methanol, clean fuel, ammonia, petrochemical, and renewable energy projects. Comparable in core plant construction business with much larger cumulative scale (481 overseas projects, $71B contract value).
- McDermott International: Offshore and subsea EPC contractor with direct comparability to Toyo on offshore, subsea CCS, and integrated facility projects across Asia-Pacific and Middle East geographies.
- Hyundai Engineering & Construction: Korean EPC heavyweight competing for the same petrochemical, petrochemical, and energy infrastructure projects globally, particularly in the Middle East and Southeast Asia where Toyo is also active.
- JGC Corporation: Japanese-headquartered global EPC contractor serving hydrocarbons, petrochemicals, and increasingly energy transition projects. Closest direct competitor to Toyo in Asian LNG, fertilizer, and petrochemical plant construction.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Toyo Engineering social profiles
Digital presenceToyo Engineering financial estimates
Financial estimateRevenue estimate
Valuation estimate
Toyo Engineering leadership team
Management profileNumber of profiles
Profiles1 record
Toyo Engineering funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Toyo Engineering M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Toyo Engineering
What does Toyo Engineering do?
Toyo Engineering Corporation is a Japanese engineering, procurement and construction (EPC) company that delivers lump-sum and negotiated contracts for industrial plant construction, primarily serving the hydrocarbons, petrochemical, and fertilizer sectors worldwide. The company also develops proprietary energy-transition technologies including subsea carbon capture and storage (CCS) systems, closed-loop geothermal power systems, and AUV-based offshore wind inspection technology.
Is Toyo Engineering a public or private company?
Toyo Engineering is a public company. It is classified as public and is currently operating.
When was Toyo Engineering founded?
Toyo Engineering was founded in 1961. It employs 5,001 to 10,000 people.
Where is Toyo Engineering based?
Toyo Engineering is headquartered in Chiba, Japan, in the Asia region.
How does Toyo Engineering make money?
Two revenue lines are on record. EPC Contracts are the primary driver. The others are engineering and Construction Services.
Who are Toyo Engineering's main competitors?
Direct peers on record are Petrofac, Chiyoda Corporation, Worley Limited, Saipem, Larsen & Toubro (L&T) Hydrocarbon, TechnipFMC, Daewoo E&C, McDermott International, Hyundai Engineering & Construction and JGC Corporation.
Does Toyo Engineering have an API?
No public API is recorded for Toyo Engineering.
What industry is Toyo Engineering in?
Toyo Engineering's product category is Engineering Procurement Construction (EPC) Services. Its primary akta.pro industry code is EUAMAFAJ, Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE), with a secondary code of EUAEAAAM, Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls). Its NAICS code is 333611 and its SIC code is 3533.