- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
Octorber 24 , 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to USD1.2 million (JBIC portion) with Kyoei Manufacturing Co., Ltd. (Kyoei Manufacturing; Headquarters: Shizuoka Prefecture; President: Yasuhiro Ishikawa). The loan is cofinanced with Mizuho Bank, Ltd., The Bank of Tokyo-Mitsubishi UFJ, Ltd. and The Shizuoka Bank, Ltd.
This loan is intended to finance KYOEI MANUFACTURING VIETNAM CO., LTD. (KMV), a Vietnamese subsidiary of Kyoei Manufacturing, for the manufacturing and sales business of motorcycle parts, and for expanding the production facility of KMV.
Kyoei Manufacturing is a small and medium-sized enterprise (SME) manufacturing and selling motorcycle parts, and plans to further expand its business in Vietnam through strengthening KMV's production capacity and selling the parts to Japanese motorcycle manufactures, responding to the growing demand for motorcycle in Asia, North America, and Europe. Thus, this loan contributes to maintaining and strengthening the international competitiveness of Japanese industries, through supporting the overseas business deployment of Kyoei Manufacturing.
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 Vietnam, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.