Pilkington Brasil Ltda.
JBIC signed a long-term loan agreement with Brazilian company Pilkington Brasil Ltda. (PBL), a wholly owned subsidiary of Nippon Sheet Glass Co., Ltd. (NSG), to finance manufacturing and sales of automotive glass. The loan was cofinanced with private financial institutions.
PBL manufactures automotive glass among others, and supplies products to Japanese as well as U.S. / European automotive vehicle manufacturers operating businesses in Brazil.
As vehicle demand has expanded in Brazil and other Latin American countries in recent years, competition with other manufacturers has become increasingly severe in the automotive glass sector. JBIC’s financial support for PBL’s manufacturing and sales of automotive glass is expected to help the Japanese firm to secure the market share in Brazil.