On 1/4/2017, JX Holdings announces execution of business integration agreement with Tonen General Sekiyu K.K, now called JXTG, become one of the most prominent and internationally competitive comprehensive energy, natural resource and materials company groups in Asia and especially occupied 50% market share of oil and energy companies in Japan.
Prior to the business integration, JX Nippon Oil Corporation, with ENEOS brand, owning more than 10,000 fuel stations had made up about 40% lubricant market share in Japan and has been the top leader for domestic revenue. In Vietnam, since 2012, head office in Dinh Vu IP., Hai Phong, JX Nippon Oil officially invested and made business in manufacturing lubricant, ENEOS brand and supplying OEM lubricant for famous Japanese vehicle brands.
For a widely ever-expanding business, JX Holdings, Inc. set to emerge with the third largest company – ToneneGeneral Sekiyu KK, become JXTG Holding Inc., officially launched in April, 2017, again confirmed the leading position JXTG in the oil and energy market.