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THE COMPANY
Succession of imaginative management practices and techniques
HISTORY
VESSEL was founded in 1916 as Japan’s first volume manufacturer of screwdrivers. With most ironworks at the time producing agricultural implements such as spades and hoes, the young company put in place a mass production system specialized for the manufacture of screwdrivers for industrial applications and began supplying its products to the market.
Founding
Japan’s first domestically produced screwdriver and the VESSEL brand
Screwdrivers were typically included with industrial machinery such as spinning machines. VESSEL set out to create an originally designed, domestically produced screwdriver to compete with these overseas products. In 1933, the company began emblazoning its products with the brand “VESSEL,” meaning a large ship in English, as a signifier of their superior quality.
Growth
Streamlining operations at assembly plants with pneumatic screwdrivers and bits
The Japanese economy embarked on a period of rapid growth starting in the 1950s. VESSEL began production of bits for pneumatic tools on a significant scale in 1954 based on expectations of dramatic growth in demand for pneumatic drivers and bits. Four years later, the company launched its first impact driver, helping to streamline operations at assembly worksites nationwide.
Expansion
VESSEL as a supplier of every type of screwdriver
VESSEL established the three pillars of its business: screwdrivers; bits; and pneumatic tools, including the air impact wrenches it began producing in 1967. During this period, the company successfully staked out a position as a leading manufacturer of fastening tools.
Reorganization
Embracing the challenge of expanding into a broad range of industrial fields
VESSEL reacted to the first oil shock in 1973 by moving beyond a screwdriver-centric management philosophy and accelerating efforts to develop products in new fields so that its fortunes would not be affected by the vagaries of the global economy. The company launched products such as air nippers and microgrinders and developed QSYSTEM, a “take-a-number” line management system for facilities such as banks and hospitals.
VESSEL Mark of Quality
A single screwdriver may be used to tighten thousands or tens of thousands of screws. Our uncompromising approach to manufacturing and craftsmanship and our stubborn commitment to quality underpin a philosophy that lives on in each and every tool we make. Today, this philosophy is being carried on in completely new fields by products such as anti-theft and static electricity elimination equipment.
Timeline
1916 | Ginosuke Taguchi founds Taguchi Tekkosho. |
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1933 | Taguchi registers the VESSEL trademark. |
1948 | Nihon Nejimawashi Co., Ltd., is established (present-day VESSEL Industrial Co., Inc.). |
1950 | Nihon Nejimawashi Co., Ltd., begins manufacturing Phillips head screwdrivers. |
1962 | VESSEL Kogu Co., Ltd., is established (present-day VESSEL Co., INC.). Teruo Taguchi assumes the position of president and CEO. |
1965 | Tokyo Office (present-day Tokyo Branch) opens. |
1966 | Nagoya Office opens. |
1968 | Fukuoka Satellite Office (present-day Fukuoka Office) opens. Sapporo Satellite Office opens. |
1969 | Kyodo Kosan Co., Ltd. founded (present-day Vessel Distribution Center Co., Ltd.). |
1970 | Hiroshima Satellite Office opens. |
1972 | Sendai Satellite Office opens. |
1974 | Company name changed to Vessel Co., Inc. |
1980 | “GREEN” Home Center Fukuchiyama opens. |
1982 | “GREEN” Home Center Hashimoto opens. Vessel marks the 20th anniversary of its founding. |
1987 | Vessel enters into a sales alliance with Sweden’s Q-Matic. |
1992 | Vessel marks the 30th anniversary of its founding. |
1996 | Junichi Taguchi assumes the position of president and CEO. |
2005 | France Liaison Office opens. |
2009 | New office building for the Q-system department was complete. |
2010 | Distribution center buildings and facilities were extended. VESSEL EUROPE SARL is established. |
2016 | Vessel marks the 100th anniversary of its founding. VESSEL TOOLS USA is established. VESSEL CHINA is established. |
2019 | Kita-Kantou Office opens. |
2020 | Production and Distribution of SP AIR branded pneumatic tools begins. |
2021 | FUKUCHIYAMA KOGYO K.K. absorbed into VESSEL Group. |
2023 | Yuichi Taguchi assumes the position of president and CEO. |