Loan and Guarantee for Hot-Dip Galvanized Steel Sheet Manufacturing and Sales Project
Strengthening Global Competitiveness and Supporting Overseas Business Expansion of Japanese Steel Industries

  • Area: Latin America and the Caribbean
  • Manufacturing and Services

JBIC signed a loan agreement with TENIGAL, R.L. de C.V., a joint venture formed in Mexico by Nippon Steel & Sumitomo Metal Corporation and Ternium S.A., for undertaking the project of manufacturing and selling hop-dip galvanized and galvannealed steel sheets to meet increasing demand for automotive steel sheets in Mexico. JBIC also provided a guarantee of the co-financed portion. The steel sheets produced will be sold to automotive manufactures in Mexico, including Japanese, U.S. and European affiliates, to be used for their high-end automobiles.

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