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Loan for Manufacturing and Sales Project of Woodchips in Indonesia
Supporting Japanese Companies for Securing Long-Term Stable Supply of Woodchips

  • Region: Asia
  • Energy and Natural Resources
  • Manufacturing and Services
  • Overseas Investment Loans
NR/2012-75
October 18, 2012
  1. The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today, a loan agreement amounting up to 28 million U.S. dollars (JBIC portion) with PT. Korintiga Hutani (KTH), a subsidiary of Oji Holdings Corporation in the Republic of Indonesia.  This loan is cofinanced with Sumitomo Mitsui Banking Corporation, which brings the overall cofinancing amount to 40 million U.S. dollars.
     
  2. This loan is intended to finance a manufacturing and sales project involving woodchips from forested eucalyptus and acacia by KTH in Central Kalimantan, Indonesia. KTH is expected to manufacture annually about 53 million BD tons of woodchips and export all of them to Oji Group companies.
     
  3. Japan purchases most of its woodchips from foreign countries to meet its domestic demand, arising from the use of woodchips as raw materials for paper production. However, the world demand and supply for woodchips is projected to get tighter over the medium and long term, in view of economic growth in emerging countries, including China. This project is expected to contribute to a secure long-term supply of woodchips from forested plants.
     
  4. JBIC will continue to actively support the promotion of the development and the acquisition of woodchips and other important natural resources by Japanese companies.
     

 

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