Toyo Engineering Corporation (President and CEO Eiji Hosoi, TOYO) and MODEC, Inc. (MODEC) announced the official opening of their Global Capability Center (GCC), TOYO MODEC OFS India Private Limited (OFS India) in Bengaluru, India, on 13th June, 2025. OFS India is a joint venture company of Toyo Engineering India Private Limited (Toyo-India), a subsidiary of TOYO and Offshore Frontier Solutions Pte. Ltd. (OFS*¹), 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 and CEO, TOYO.
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*²) projects. OFS India currently employs nearly 200 Indian professionals, with plans to expand its local workforce to 750 within the next three years.
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.
TOYO is committed to strengthening its technological capabilities and competitiveness in the FPSO industry.
*1 A joint venture with MODEC, launched in August 2022, will be responsible for the engineering, procurement, and construction of the FPSO. TOYO’s shareholding Ratio is 35％
*2 Floating Production, Storage and Offloading System
