- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
September 12, 2014
Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to IDR3.5 billion (JBIC portion) with PT. KYOTOSEIKO INDONESIA (KSI), an Indonesian subsidiary of KYOTOSEIKO CO., LTD. (KYOTOSEIKO; Headquarters: Kyoto; President: Takashi Arai). The loan is cofinanced with Kyoto Shinkin Bank, bringing the total cofinancing amount to IDR5.0 billion.
The loan is intended to finance, in Indonesian rupiah, KSI's manufacturing and sales business of automatic machine and inspection machine in Bekasi, Indonesia.
KYOTOSEIKO, which was founded in 1995, is a small and medium-sized enterprise (SME) manufacturing and selling automatic machine and inspection machine. Specifically, the company produces leak test machines, which inspect leakages of various automobile parts; picture inspection machines, which inspect and sort out printed surface at high-speed; and various automatic assembly and inspection machines, which clamp bolts as well as press fit, insert and assemble parts. It has received high credit from the customers for maintenance after product delivery and meticulous after-sales service. In Indonesia where its automobile market is expected to expand backed by robust economic growth, a number of Japanese auto parts makers have been extending their operations along with Japanese vehicle assembly manufacturers, and demand for auto-related inspection machines is also foreseen to increase. KYOTOSEIKO established KSI in January 2013 in Indonesia and intends to expand its overseas market share. Thus, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through support for the overseas business deployment of KYOTOSEIKO.
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, including loans to meet the local currency needs, for structuring projects and performing its risk-assuming function.