- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
February 10, 2015
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement amounting up to JPY100 million (JBIC portion) with MEIWA INDUSTRY co., ltd (MEIWA INDUSTRY; Headquarters: Shizuoka Prefecture; President Director: Hidemichi Nojima). The loan is cofinanced with Mizuho Bank, Ltd., bringing the overall cofinancing amount to JPY150 million.
This loan is intended to finance PT. MEIWA KOGYO INDONESIA (MKI), an Indonesian subsidiary of MEIWA INDUSTRY, for manufacturing and sales business of motorcycle parts. The funds are used for the expansion of its production facilities.
MEIWA INDUSTRY is a small and medium-sized enterprise (SME) who manufactures and sells motorcycle parts, and established MKI in December 2004 in West Java Province, Indonesia. The company plans to expand its business through strengthening the production capacity in Indonesia where the demand for motorcycles are expected to increase backed with the economic growth in the Asian region. Thus, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting the overseas business deployment of MEIWA INDUSTRY.
As Japan's policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises and SMEs, in growing markets such as Indonesia, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.