- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
October 31, 2013
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a loan agreement totaling up to 201 million yen (JBIC portion) with EPOCH CO., LTD. (EPOCH; Headquarters: Tokyo; President and C.E.O: Michihiro Maeda). The loan is cofinanced with The Bank of Tokyo Mitsubishi UFJ, Ltd.
The loan to EPOCH is intended to finance the necessary funding for the expansion of a toy manufacturing facility at HEISEI TOYS(JIAN) CO., LTD. in China.
EPOCH, a well-established toymaker, is expanding its global businesses by setting up its sales bases in the U.S., Singapore and Germany, and establishing its own manufacturing facility in China. Amid the continuing demand for toys in the upper-income class in North America, Europe and Asia, the company plans to strengthen its manufacturing capacity at its own HEISEI TOYS(JIAN) CO., LTD. in China and further expand manufacturing and sales business of toys. Thus, the loan contributes to maintaining and improving the international competitiveness of Japanese industries, through supporting overseas business deployment of such Japanese companies.
JBIC, as a public financial institution, will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises as well as small and medium sized enterprises, in such growing markets as China, by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function.