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Loan for Manufacturing and Sales of Parts of Motorcycles and Construction Machinery in Indonesia
Supporting SMEs in Collaboration with Hyakujushi Bank

  • Region: Asia
  • Manufacturing and Services
  • Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
  • Overseas Investment Loans
NR/2013-03
April 8, 2013
  1. The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a loan agreement totaling up to 10 million yen (JBIC portion) with PT. BANSHU ELECTRIC INDONESIA (BEI), which is an Indonesian subsidiary of Banshu Electric Co., Ltd. (Banshu Denso; President: Akihiko Yoneda) headquartered in Kakogawa City, Hyogo Prefecture. The loan is cofinanced with The Hyakujushi Bank, Ltd. (114 Bank), which brings the overall cofinancing amount to 100 million yen.
     
  2. This loan is intended to finance the manufacturing and sales of parts of motorcycles and construction machinery by BEI, a joint venture of Banshu Denso and a local Indonesian company.
     
  3. Banshu Denso has been manufacturing and selling electric parts (mainly wire harnesses) of construction machinery and automobiles since its inception in 1965. In 1996, it established BEI in Indonesia to supply wire harnesses to local Japanese affiliates and subsidiaries manufacturing motorcycles and construction machinery. As robust economic growth in Indonesia is expected to enlarge its motorcycle market, Banshu Denso plans to expand the manufacturing and sales of wire harnesses in Indonesia through BEI.
     
  4. In the Setouchi area, where 114 Bank has its main business base, an increasing number of companies, including mid-tier enterprises and small and medium-sized enterprises (collectively “SMEs”), have been expanding their business operations into overseas markets to capture the fruit of recent economic growth in emerging market countries. Under the memorandum of understanding (MOU) on operational cooperation signed in November 2012, JBIC and 114 Bank are exchanging information on overseas business activities of Japanese companies, investment climates in foreign countries and other mutually relevant issues. This cofinancing was materialized based on such cooperative relations. 
     
  5. JBIC will continue to support the overseas business deployment of Japanese companies, including SMEs by collaborating with Japanese local financial institutions.

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