- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
September 19, 2014
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The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement amounting up to USD700 thousand (JBIC portion) with RP TOPLA LIMITED (RP TOPLA; Headquarters: Osaka; Representative Director & President: Masuo Namme). The loan is cofinanced with SHIGA BANK, Ltd., bringing the overall cofinancing amount to USD1 million.
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The loan is intended to finance RP TOPLA for manufacturing and sales business of synthetic resin injection moldings*1 through PT TOPLA HYMOLD INDONESIA (PTTHI), an Indonesian subsidiary of RP TOPLA, at Bekasi in the western part of Java Island, and used for expanding the production facility of PTTHI.
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RP TOPLA, founded in 1953, is a small and medium-sized enterprise (SME) manufacturing and selling synthetic resin injection moldings, and acquired PTTHI in 2011 as a consolidating subsidiary. As demand for synthetic resin injection moldings is expected to increase in Indonesia and neighboring countries, backed by steady economic growth, the company intends to expand its market share of manufacturing and sales business of synthetic resin injection moldings through PTTHI. Thus, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through support for the overseas business deployment of RP TOPLA.
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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.
Note
- *1 Synthetic resin injection moldings is plastic product produced by (injection molding) technique that injects and cools plastic material dissolved in hot molding into an injection mold.