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Loan for Manufacturing and Sales of Automobile Parts of Japanese Company in China
Supporting Overseas Business Deployment of Mid-Tier and Small and Medium-Sized Enterprises

  • Region: Asia
  • Manufacturing and Services
  • Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
  • Overseas Investment Loans
NR/2013-49
July 31, 2013
  1. The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today two loan agreements amounting to 40 million yen in total (JBIC portion) with SHÓSHIBA MANUFACTURING COMPANY, LTD. (SMC; Headquarters: Tokyo; Representative Director: Yusuke Mihara). The loans are cofinanced with Mizuho Bank, Ltd.
     
  2. These loans are intended to finance the manufacturing and sales of automobile press parts, such as air-bag cases and seat frames, by SHOSHIBA AUTOMOTIVE PARTS (Wújiāng) CO., LTD. (SHOSHIBA WUJIANG), a wholly-owned subsidiary of SMC in China.
     
  3. SMC established SHOSHIBA WUJIANG in 2009 in China to capture brisk demand of the growing automobile manufacturing market there, and to supply the pressed parts to local subsidiaries of Japanese automobile manufacturers and local automobile manufactures. Amid this, SMC plans to further expand manufacturing and sales of the automobile press parts through expansion of production capacity at SHOSHIBA WUJIANG, as the demand for automobile parts is expected to grow, backed with steady economic growth of China. Thus, these loans will contribute to maintaining and improving the international competitiveness of Japanese industries, through supporting the overseas business deployment of SMC.
     
  4. As a public financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises and small and medium-sized enterprises, in growing markets such as China, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function. 

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