- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
November 19, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to USD2 million (JBIC portion) with Misuzu Co., Ltd. (Misuzu; Headquarters: Osaka Prefecture; President: Masaya Suzuki). This loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd., with the overall cofinancing amount reaching the equivalent of about USD3 million.
This loan will finance Misuzu to establish MISUZU LAO CO., LTD. (MLO) incorporated in Lao People's Democratic Republic (Laos) and conduct the manufacturing and sales business of conductors for various electrical wires.
Misuzu is a small and medium-sized enterprise (SME) conducting the manufacturing and sales business of conductors for various electrical wires, since starting business in 1955. Its products have been widely used in household appliances, cables for gastro and other endoscopes, and so forth. Misuzu established MLO in April 2014 with an intention to capture a share in the ASEAN market which is expected to grow in the future. Thus, this loan will support the overseas business deployment of Misuzu and thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries.
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 Laos, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.