October 17, 2013 | TOYO Signs Multi-Year Oil Sands Deal
TOYO Engineering Corporation (TOYO), through its Canadian subsidiary TOYO Engineering Canada Ltd., has signed an Engineering, Procurement, Construction (EPC) contract with JACOS (Japan Canada Oil Sands Limited) for a 20,000 bbl/day Steam Assisted Gravity Drainage (SAGD) production processing facility (expandable to 30,000 bbl/day) in the Hangingstone area, near Fort McMurray, Alberta.
The JACOS Hangingstone Project (with Nexen Energy ULC, a wholly owned subsidiary of CNOOC Limited, having 25% stake in the project) includes a central processing facility, utilities and infrastructure. TOYO will be performing the detailed engineering, procurement and the construction with completion targeted 2.5 years after contract signature.
TOYO has performed major projects in the global oil and gas industry for over 50 years and, with the EPC scope of work for the JACOS Hangingstone Project, TOYO will be advancing its business in the Canadian oil and gas sector.
"We are very pleased to be working with JACOS on such an important project in the Alberta oil sands," said Taro Takahashi, President TOYO Engineering Canada Ltd. Key in the success of the project will be the delivery of the construction phase. "This is an exciting time for TOYO," said Al Wahlstrom, VP Major Capital Project Toyo Engineering Canada Ltd. "The Hangingstone Expansion Project will be a significant EPC project for us in the oil sands and we look forward to building an integrated delivery team with our contractors and our client project team acting in concert to deliver success for JACOS and us all." The construction scope of the contract will be executed by a strong and dynamic team from TOYO, JV Driver, and key equipment manufacturers leveraging off each companies' experience and expertise.
December 3, 2012 | New Construction Division in TOYO Engineering Canada
TOYO Engineering Canada established a Construction Division within its organization effective December 2012.
The Construction Division enables TOYO to deliver construction planning and execution management for its Sustaining Capital Projects and Major Capital Project Business Units and complete project EPC execution capability combined with existing engineering and procurement capabilities.
At the same time, a construction company, NorthernLight O&G Construction, became a member of the TOYO Group in Alberta, which enables TOYO Engineering Canada to provide self-performing construction capability.
July 2, 2012 | New Symbol Logo For TOYO Engineering Group Is Established
TOYO Engineering established a new common symbol logo for the TOYO Group.
The previous Symbol Mark, which gained familiarity over decades, will live on as the motif of the new logo, meant to inspire an impression of a leap forward to the future. The blue sphere represents the globe, and the white line signifies the development of the group. The further growth of the TOYO Group is defined by emphasizing the letters of the TOYO name.
In 2011, TOYO marked its 50th anniversary since its foundation, and under the new medium-term business plan starting from April 2012, the whole group is making efforts as an entity toward new growth and to achieve TOYO’s vision as a “Global Leading Engineering Partner.”
October 1, 2011 | Name Change to TOYO Engineering Canada Ltd.
Tri Ocean Engineering Ltd. changed its name and started as TOYO Engineering Canada Ltd. effective October 1, 2011, and at the same time, Mr. Taro Takahashi assumed the role of President.
Expressing sincere gratitude to clients for providing Tri Ocean with the opportunities of collaboration, TOYO Engineering Canada Ltd. now commits to continue to offer the same services to the upstream and midstream oil and gas market in western Canada but also to target and expand TOYO's business field to the downstream market in Canada and the Americas.
TOYO has formed two major business units in its corporate organization to fully support its business fields. TOYO will provide services to projects under current relationship with clients and will implement projects in any combination of engineering, procurement, and construction, with full range of commercial arrangements from reimbursable to lump sum.
The company will continue to support existing clients to the same and higher standards and looks forward to working with new clients from now onward.
October 4, 2010 | TOYO Engineering Corporation Acquires Tri Ocean Engineering Ltd.
On October 4, 2010, TOYO Engineering Corporation (Mr. Yutaka Yamada, CEO) of Chiba, Japan, completed its acquisition of ASRC Energy Services Tri Ocean Engineering Ltd. of Calgary, Alberta, Canada, from ASRC Energy Services Ltd., a subsidiary of Arctic Slope Regional Corporation of Anchorage, Alaska, USA. TOYO holds 100% of the shares of ASRC Energy Services Tri Ocean Engineering Ltd.
Tri Ocean currently provides engineering, procurement, and project management services to local energy companies in the upstream energy industry. The company has been in business since 1976 and has an impressive history of domestic and international accomplishments. It currently employs 120 people and markets to the upstream sector of the global oil and gas industry, with an emphasis on engineering conventional oil and gas facilities in Western Canada and large module facilities for the Arctic. Tri Ocean specializes in conceptual studies, preliminary engineering and front-end engineering design, and detailed engineering.
TOYO Engineering operates in many diverse sectors, including energy, oil refining, petrochemicals and chemicals, oil and gas development, and infrastructure. It offers project management, comprehensive integrated engineering technologies, high-tech application capabilities, advanced global networking, and worldwide alliance capabilities. TOYO Engineering is a publicly traded company employing approximately 4000 people in 15 countries. The company responds to client needs on a global scale by taking full advantage of the Global TOYO network and provides optimum solutions for projects with respect to quality, schedule and cost, health, safety, security, and environment.
For TOYO, the Tri Ocean acquisition contributes to the company's continued growth and aims to establish a Calgary-based center of excellence for Canadian and international heavy oil and Arctic developments by combining Tri Ocean's reputation and unique cold-weather expertise with TOYO's global network and comprehensive engineering capabilities. TOYO intends to expand its business activities in the oil sands and non-conventional gas development sectors and to provide oil and gas production engineering services in remote areas such as the Arctic and other similar environments.