- Strategic Expansion Strengthens Global Operations and Engineering Capabilities
- Focused on FEED, Procurement, and FPSO Project Support
- OFS India is spanned across approx. 1,00,000 sq.ft in Indiranagar
Bengaluru, India, 17th June, 2025 – Toyo Engineering Corporation (Toyo Japan) and MODEC, Inc. (MODEC) announced today the official opening of their Global Capability Center (GCC), TOYO MODEC OFS India Private Limited (OFS India) in Bengaluru, India. OFS India is a joint venture company of Toyo Engineering India Private Limited (Toyo India), a subsidiary of Toyo Japan and Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company. The new center marks a significant milestone in the companies’ global growth strategy, enhancing their ability to deliver innovation, operational excellence, and scalable services across international markets.
“Our journey to this day has been marked by a shared vision of innovation, excellence, and a commitment to creating value for our customers and stakeholders. This joint venture is a reflection of our collective belief in the power of collaboration and the limitless possibilities that arise when we combine our strengths and expertise,” said Eiji Hosoi, President & CEO, Toyo Japan.
Strategically located in the heart of Bengaluru—India’s Silicon Valley—the GCC is designed to nurture a collaborative, high-performance culture with a focus on innovation, sustainability, and continuous improvement.
“By establishing a presence here, we are embracing an environment that encourages innovation, agility, and collaboration—qualities essential to meeting the increasingly complex and sophisticated needs of our FPSO projects. This will help us scale with speed, maintain execution quality, and deliver smarter, more efficient solutions to our global clients,” said Hirohiko Miyata, President & CEO, MODEC.
Occupying approximately 100,000 sq ft on the 7th floor of Godrej Centre Indiranagar, Bengaluru, the GCC is set to create numerous high-value job opportunities in engineering, procurement and comprehensive support for Floating Production Storage and Offloading (FPSO) projects. OFS India currently employs nearly 200 Indian professionals, with plans to expand its local workforce to 750 within the next three years.
The opening ceremony was officiated by His Excellency Mr Nakane Tsutomu, Consul General of Japan in Bengaluru, who welcomed TOYO and MODEC’s investment as a testament to the value of India’s capabilities and global outlook.
He said, “Japan and India’s long term economic ties have continued to flourish across sectors such as infrastructure, technology and manufacturing. The establishment of OFS has added a feather to the cap of Japan-Karnataka collaborations in the niche field of oil production and offshore industry. Bengaluru in particular, stands as a symbol of India’s technological prowess, digital expertise and global outlook. It is the most coveted location for GCCs in India, hosting some of the world’s best companies. A large number of Japanese GCCs are expanding their operation in Bengaluru, signaling a new era of cooperation between Japan and India. Bengaluru can also provide an abundance of engineers with expertise in oil production facilities. With this center, OFS India will create valuable employment opportunities, support the growth of local industries, and drive offshore energy projects.”
The event was attended by senior leaders from TOYO and MODEC’s global and regional teams, along with industry guests, partners, and employees.
ABOUT TOYO ENGINEERING CORPORATION AND TOYO INDIA
Toyo Engineering Corporation, headquartered in Japan, is a leading global engineering, procurement, and construction (EPC) company. Established in 1961, Toyo Engineering specializes in providing comprehensive solutions for the oil and gas, petrochemical, chemical, fertilizer, and power industries. The company offers a full range of services, including feasibility studies, engineering design, procurement, construction, commissioning, and project management.
Toyo Engineering is publicly listed on the Tokyo Stock Exchange (TSE: 6330). For the fiscal year ending March 2024, the company reported net sales of approximately US$1.83 billion and a net income of about US$42 million. Renowned for its technical expertise, innovation, and commitment to quality and safety, Toyo Engineering has successfully executed numerous large-scale projects worldwide. Through its global network of subsidiaries and affiliates, Toyo Engineering continues to contribute to the advancement of industrial infrastructure and sustainable development.
Toyo Engineering India Limited (Toyo India) is a leading engineering, procurement, and construction (EPC) company based in India. It is a subsidiary of Toyo Engineering Corporation, Japan. Established in 1976, Toyo India provides comprehensive solutions for the oil and gas, petrochemical, fertilizer, and infrastructure sectors. The company offers a wide range of services, including project management, engineering design, procurement, construction, and commissioning. With a strong focus on quality, safety, and innovation, Toyo India has successfully executed numerous large-scale projects both in India and internationally, earning a reputation for reliability and technical excellence.
ABOUT MODEC AND OFFSHORE FRONTIER SOLUTIONS SINGAPORE
MODEC, Inc., headquartered in Tokyo, Japan, is a global leader in the engineering, procurement, construction, and operation of floating production systems for the offshore oil and gas industry. Established in 1968, MODEC specializes in the delivery and management of Floating Production, Storage, and Offloading (FPSO) units, as well as other offshore facilities such as Floating Storage and Offloading (FSO) units and Tension Leg Platforms (TLPs).
With a robust portfolio servicing major oil companies, MODEC excels in delivering reliable and innovative solutions for offshore oil and gas production. MODEC reported a revenue of more than US$4 billion and a net income of around US$220 million as at the end of 2024, demonstrating strong financial health and stability. Publicly traded on the Tokyo Stock Exchange (TSE: 6269), MODEC is committed to technological advancements and operational excellence, continuing to expand its influence and capabilities in the global energy sector.
