Modec Inc (Modec), a subsidiary of Mitsui Engineering & Shipbuilding Co Ltd, is a general contractor specializing in engineering, procurement, construction and installation of floating production systems. It offers floating production storage and offloading (FPSO) vessels, floating storage and offloading (FSO) vessels, tension leg platforms (TLPs), production semi-submersibles and mobile offshore production units (MOPUs) to oil and gas companies worldwide. Modec also provides floating production system operation and maintenance services; and offers other new technologies to various types of gas production floaters. The company also offers its expertise to offshore wind power applications. The company has its operations across the Asia, North Sea, Gulf of Mexico, Brazil, West Africa, and Oceania. Modec is headquartered in Chuo-ku, Tokyo, Japan.

Headquarters Japan

Address 4f/5f, Nihonbashi Maruzen Tokyu Bldg, 2-3-10, Nihonbashi, Chuo-Ku, Tokyo, 103-0027


Telephone 81 3 52901200

No of Employees 5,173

Industry Energy and Utilities

Ticker Symbol & Exchange 6269 (TYO)

Revenue (2021) $3.9B 42.5% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX -175.9% (2021 vs 2020)

Market Cap* $630.4M

Net Profit Margin (2021) XXX -93.6% (2021 vs 2020)

* As of and is in US$

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2

Tenders & Contracts

Detailed insights into open, awarded and pre-solicited tenders and contracts for Modec Inc.

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Install Base

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Modec Inc’s likely spend across technology areas enabling you to understand the digital strategy.

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Products and Services

Services Brands
Engineering MODEC
Procurement LiBro
Construction
XXX
XXX
XXX
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Contracts/Agreements In October, the company delivered one FPSO to Petrobras.
2022 Contracts/Agreements In August, the company signed an agreement with Toyo Engineering Corp for the establishment of a joint venture company for the Engineering, Procurement, Construction and Installation (EPCI) business of Floating Production Storage and Offloading (FPSO) vessels.
2021 Contracts/Agreements In October, the company and Mitsui & Co., Ltd launched Shape, an advanced analytics and machine learning service startup.
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Competitor Comparison

Key Parameters Modec Inc Saipem SpA McDermott International Inc SBM Offshore NV BW Offshore Ltd
Headquarters Japan Italy United States of America Netherlands Bermuda
City Chuo-Ku San Donato Milanese Houston Schiphol Hamilton
State/Province Tokyo - Texas - -
No. of Employees 5,173 27,520 42,600 5,019 1,908
Entity Type Public Public Private Public Public
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Executives
Name Position Board Since Age
Takeshi Kanamori Chief Executive Officer; President; Director Executive Board 2021 66
Katsuyuki Imaizumi Executive Managing Officer; Director; President; Chief Executive Officer; Chief Operating Officer Executive Board 2019 -
Yasuhiro Takano Director; Executive Managing Officer; Chief Financial Officer Executive Board 2022 -
Soichi Ide Executive Officer Executive Board - -
Minoru Sawada Chief Procurement Officer - Best Practice Promotion Department, Procurement Group, and IT Group; Chief Procurement Officer; Executive Managing Officer Senior Management 2022 -
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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