- Strategic Enlargement Strengthens International Operations and Engineering Capabilities
- Targeted on FEED, Procurement, and FPSO Venture Help
- OFS India is spanned throughout approx. 1,00,000 sq.ft in Indiranagar
Bengaluru, India, 17th June, 2025 – Toyo Engineering Company (Toyo Japan) and MODEC, Inc. (MODEC) introduced as we speak the official opening of their International Functionality Middle (GCC), TOYO MODEC OFS India Non-public Restricted (OFS India) in Bengaluru, India. OFS India is a three way partnership firm of Toyo Engineering India Non-public Restricted (Toyo India), a subsidiary of Toyo Japan and Offshore Frontier Options Pte. Ltd. (OFS), a MODEC Group firm. The brand new heart marks a major milestone within the firms’ international development technique, enhancing their capability to ship innovation, operational excellence, and scalable providers throughout worldwide markets.
“Our journey to at the present time has been marked by a shared imaginative and prescient of innovation, excellence, and a dedication to creating worth for our clients and stakeholders. This three way partnership is a mirrored image of our collective perception within the energy of collaboration and the limitless potentialities that come up once we mix our strengths and experience,” mentioned Eiji Hosoi, President & CEO, Toyo Japan.
Strategically positioned within the coronary heart of Bengaluru—India’s Silicon Valley—the GCC is designed to nurture a collaborative, high-performance tradition with a give attention to innovation, sustainability, and steady enchancment.
“By establishing a presence right here, we’re embracing an setting that encourages innovation, agility, and collaboration—qualities important to assembly the more and more complicated and complex wants of our FPSO initiatives. It will assist us scale with pace, keep execution high quality, and ship smarter, extra environment friendly options to our international purchasers,” mentioned Hirohiko Miyata, President & CEO, MODEC.
Occupying roughly 100,000 sq ft on the seventh flooring of Godrej Centre Indiranagar, Bengaluru, the GCC is about to create quite a few high-value job alternatives in engineering, procurement and complete help for Floating Manufacturing Storage and Offloading (FPSO) initiatives. OFS India at present employs almost 200 Indian professionals, with plans to broaden its native workforce to 750 throughout the subsequent three years.
The opening ceremony was officiated by His Excellency Mr Nakane Tsutomu, Consul Common of Japan in Bengaluru, who welcomed TOYO and MODEC’s funding as a testomony to the worth of India’s capabilities and international outlook.
He mentioned, “Japan and India’s long run financial ties have continued to flourish throughout sectors resembling infrastructure, know-how and manufacturing. The institution of OFS has added a feather to the cap of Japan-Karnataka collaborations within the area of interest discipline of oil manufacturing and offshore business. Bengaluru specifically, stands as an emblem of India’s technological prowess, digital experience and international outlook. It’s the most coveted location for GCCs in India, internet hosting a number of the world’s finest firms. Numerous Japanese GCCs are increasing their operation in Bengaluru, signaling a brand new period of cooperation between Japan and India. Bengaluru may present an abundance of engineers with experience in oil manufacturing amenities. With this heart, OFS India will create useful employment alternatives, help the expansion of native industries, and drive offshore vitality initiatives.”
The occasion was attended by senior leaders from TOYO and MODEC’s international and regional groups, together with business company, companions, and workers.
ABOUT TOYO ENGINEERING CORPORATION AND TOYO INDIA
Toyo Engineering Company, headquartered in Japan, is a number one international engineering, procurement, and building (EPC) firm. Established in 1961, Toyo Engineering focuses on offering complete options for the oil and fuel, petrochemical, chemical, fertilizer, and energy industries. The corporate gives a full vary of providers, together with feasibility research, engineering design, procurement, building, commissioning, and venture administration.
Toyo Engineering is publicly listed on the Tokyo Inventory Change (TSE: 6330). For the fiscal yr ending March 2024, the corporate reported web gross sales of roughly US$1.83 billion and a web revenue of about US$42 million. Famend for its technical experience, innovation, and dedication to high quality and security, Toyo Engineering has efficiently executed quite a few large-scale initiatives worldwide. By way of its international community of subsidiaries and associates, Toyo Engineering continues to contribute to the development of business infrastructure and sustainable growth.
Toyo Engineering India Restricted (Toyo India) is a number one engineering, procurement, and building (EPC) firm based mostly in India. It’s a subsidiary of Toyo Engineering Company, Japan. Established in 1976, Toyo India supplies complete options for the oil and fuel, petrochemical, fertilizer, and infrastructure sectors. The corporate gives a variety of providers, together with venture administration, engineering design, procurement, building, and commissioning. With a powerful give attention to high quality, security, and innovation, Toyo India has efficiently executed quite a few large-scale initiatives each in India and internationally, incomes a popularity for reliability and technical excellence.
ABOUT MODEC AND OFFSHORE FRONTIER SOLUTIONS SINGAPORE
MODEC, Inc., headquartered in Tokyo, Japan, is a world chief within the engineering, procurement, building, and operation of floating manufacturing techniques for the offshore oil and fuel business. Established in 1968, MODEC specializes within the supply and administration of Floating Manufacturing, Storage, and Offloading (FPSO) items, in addition to different offshore amenities resembling Floating Storage and Offloading (FSO) items and Rigidity Leg Platforms (TLPs).
With a sturdy portfolio servicing main oil firms, MODEC excels in delivering dependable and progressive options for offshore oil and fuel manufacturing. MODEC reported a income of greater than US$4 billion and a web revenue of round US$220 million as on the finish of 2024, demonstrating sturdy monetary well being and stability. Publicly traded on the Tokyo Inventory Change (TSE: 6269), MODEC is dedicated to technological developments and operational excellence, persevering with to broaden its affect and capabilities within the international vitality sector.
