- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
September 30, 2013
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a loan agreement totaling up to 770 million yen (JBIC portion) with PT. BELLSONICA INDONESIA (BI), an Indonesian subsidiary of BELLSONICA CORPORATION (Bellsonica; Headquarters: Shizuoka Prefecture; President: Katsuhito Suzuki).
Since being established in 1956, Bellsonica has been engaged in manufacturing and extensive sales of auto body frame parts and components. In 2012, it established BI in Indonesia, as the country's middle income segment had been expanding on the back of robust economic growth, and thus there was the prospect of further increase in demand for automobiles. With this loan, Bellsonica intends to expand the production facility of BI to meet auto parts demand from its business customers.
This loan will provide necessary funding for expanding the production facility of automobile parts and components of BI. Such financial support for overseas deployment of Japanese companies will contribute to maintaining and improving the international competitiveness of Japanese industries.
As a public financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises as well as small and medium-sized enterprises, in growing markets such as Indonesia, by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function.