On September 20th, 2019, JFE Shoji Trade Corporation acquired 100% of the shares of Cogent Power Inc, from Tata Steel Europe. Grouped together, the Cogent and JFE Shoji Steel America business make it possible for JFE Shoji to capture greater market share in the electrical steel market for both transformer and automotive products. The combination of Cogent and JFE Shoji has become one of the largest processors of electrical steel transformers in the world. JFE Shoji currently has many other production and processing facilities throughout Asia, as well as a facility in Tijuana, Mexico.Globally, JFE Shoji enhanced the business' competitiveness by sharing and integrating the technical skill with deep business experience, which can be strongly applied to the global and North American markets. With this investment, JFE Shoji has one of the world's leading processing and distribution functions for core design and manufacturing for transformers.Based in Tokyo, JFE is one the world's largest steel producers with over 45,000 employees and operations globally.