Loan for the Manufacture and Sales of Passenger Car Tires
Supporting a Japanese company's overseas business deployment

  • Area: Asia
  • Manufacturing and Services

JBIC signed a loan agreement with Yokohama Tire Philippines, Inc. (YTPI), a subsidiary of The Yokohama Rubber Company, Limited (Yokohama Rubber) incorporated in the Philippines. This loan will provide funds for YTPI to expand its passenger car tire production plant in the Clark Special Economic Zone in Pampanga Province, Philippines. Yokohama Rubber manufactures and sells tires, as well as industrial and sports products, and in 1996 it established YTPI in the Philippines to supply passenger car tires primarily to North America. In light of the steady purchasing sentiment in the North American market, future demand for YTPI tires is projected to be robust, and Yokohama Rubber is seeking to grow its North American sales through the expansion of the YTPI facility. By supporting the overseas business deployment of Yokohama Rubber, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries.
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