- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
March 30, 2015
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The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement amounting to USD3.5 million (JBIC portion) with Shibaura Holdings Inc. (Shibaura HD; Headquarters: Tokyo; President: Nobuyuki Ohkawa). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd., bringing the overall cofinancing amount to USD5 million.
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This loan is intended to finance PT. SHIBAURA INDONESIA BATAM (SIB), an Indonesian subsidiary of Shibaura HD, for processing and sales business of steel plates for industrial equipment.
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Shibaura HD is a small and medium-sized enterprise (SME) established as a holding company of Shibaura group with Shibaura Shearing Co., Ltd., which processes and sells steel plates for industrial equipment, as a core company. The company plans to further expand its business with SIB as the manufacturing base, responding to the demand for construction equipment in South East Asia. Thereby, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting the overseas deployment of Shibaura HD.
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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, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.