- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
February 27, 2015
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to JPY 200 million (JBIC portion) with Yamako Co., Ltd. (Yamako) (Headquarters: Aichi Prefecture; President: Yoshihiko Mizuno). The loan is cofinanced with Mizuho Bank, Ltd., with the overall cofinancing amount reaching JPY 300 million.
This loan is intended to finance the refrigerating, processing, and sales business of Nori conducted by Lianyungang Yamako Laver Co., Ltd. (Lianyungang Yamako), a Chinese subsidiary of Yamako, in China. The loan will fund the expansion of factory facilities.
Yamako, a mid-tier enterprise which started business in 1974, is a wholesaler of Nori with strength in heat drying and refrigerating Nori and boasts the top share domestically of the stored and processed Nori. Yamako established Lianyungang Yamako in 1995 in China where demand for favorite food such as Nori and other had been increasing due to expanding domestic demand on the back of economic growth. The company intends to further expand its market share by strengthening business structure toward the stable production and supply of Nori. Thus, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting Yamako's overseas business deployment.
As Japan's policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises and small and medium-sized enterprises (SMEs), in growing markets such as China, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.