- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 5, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to USD500 thousand (JBIC portion) with PT. HAMATETSU INDONESIA (HTI), an Indonesian subsidiary of HAMAMATSU TEKKO CO., LTD. (HAMAMATSU TEKKO; Headquarters: Shizuoka Prefecture; President: Isamu Terada). The loan is cofinanced with private financial institutions.
This loan is intended to finance HTI for conducting the manufacturing and sales business of motorcycle parts as well as other products. The loan will fund the expansion of its production facilities.
HAMAMATSU TEKKO is a small and medium-sized enterprise (SME) manufacturing and selling motorcycle parts as well as other products. The company established HTI in West Java, Indonesia, in October 2002. HAMAMATSU TEKKO intends to expand its business by strengthening the production capacity of HTI in Indonesia where increasing demand for motor cycles and other products is foreseen on the back of economic growth in the Asian region. Thus, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through support for the overseas business deployment of HAMAMATSU TEKKO.
As Japan's policy-based financial institution, JBIC will continue to support the 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.