- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
September 4, 2014
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The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to USD600,000 (JBIC portion) with PT. LEAD industria (LI), an Indonesian subsidiary of industria Co., Ltd. (industria; Headquarters: Saitama Prefecture; Representative director president: Kazuaki Takahashi). The loan is cofinanced with The Tama Shinkin Bank, with the total cofinancing amount reaching the equivalent of USD865,000.
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The loan is intended to finance LI for manufacturing and sales business of precision machines, including supply to four-wheeled automobile production line, in Karawang Regency, the western part of Java Island, and used for expanding the production facility of LI.
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"industria" is a small and medium-sized enterprise (SME) manufacturing and selling precision machines such as special filters. As demand for precision machines is expected to increase in Indonesia, backed by robust economic growth, the company intends to expand its business through LI. Thus, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through support for the overseas business deployment of industria.
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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 such as Indonesia, by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function.