- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
July 31, 2014
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The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to JPY70 million (JBIC portion) with KATZDEN ARCHITEC Co. Ltd. (KATZDEN ARCHITEC; Headquarters: Tokyo; Representative Director: Kiyoshige Sakata). The loan is cofinanced with The Gunma Bank, Ltd., bringing the total cofinancing amount to USD1 million.
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This loan is intended to finance KATZDEN ARCHITEC to establish its subsidiary, KATZDEN ARCHITEC VIETNAM CO., LTD. (KDAT VNM), by providing the capital equivalent of the funds needed for manufacturing and selling residential metal parts.
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KATZDEN ARCHITEC is a small and medium-sized enterprise manufacturing and selling residential metal parts such as stairs products and housing-related products and plans to expand its business in the emerging countries such as ASEAN, establishing KDAT VNM in June 2014, based in Vietnam, while the demand for residential metal parts is expected to grow (backed) with emerging countries economic growth. Thus, this loan contributes to maintaining and strengthening the international competitiveness of Japanese industries, through supporting of the overseas business deployment of KDAT VNM.
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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 small and medium-sized enterprises (SMEs), in growing markets such as Vietnam, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.