- Region: Latin America and the Caribbean
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to MXN237.5 million (JBIC portion) with NISSIN MANUFACTURA DE MÉXICO S.A. DE C.V. (NMX), a Mexican subsidiary of NISSIN MANUFACTURING CO., LTD. (NISSIN; Headquarters: Kyoto Prefecture; President: Masanori Maeda). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd., The Bank of Kyoto, Ltd. and Mizuho Bank, Ltd. This is the first loan provided by JBIC in Mexican Peso.
The loan will finance, in local currency, NMX for establishing a manufacturing plant of automobile engine parts, such as rocker arms, in the State of San Luis Potosí, Mexico.
NISSIN is a mid-tier enterprise manufacturing and selling automobile engine parts. As demand for auto-related parts and components are expected to increase mainly in North and Latin America, the company set up in 2012 NMX in Mexico to meet the needs of its main business clients, with an intention to expand business activities in Mexico. The loan will support such overseas business deployment of NISSIN and thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries.
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 Mexico, by drawing on its various financial facilities and schemes, including loans to meet the local currency demands, for structuring projects, and performing its risk-assuming function.