- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 12, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement amounting up to USD1.96 million (JBIC portion) with Kasen Nozzle Mfg. Co. Ltd. (Kasen Nozzle; Headquarters: Osaka; President: Kazuya Togawa). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd., with the overall cofinancing amount reaching USD2.8 million.
This loan is intended to finance the expansion of factory and production facilities of P.T. KASEN INDONESIA (PTKI), a wholly owned Indonesian subsidiary of Kasen Nozzle, for manufacturing and sales of spinnerettes*1.
Kasen Nozzle, established in 1948, is a small and medium-sized enterprise (SME) who manufactures and sells spinning spinnerettes. Its flexible design and micro fabrication technology of spinnerettes are highly appreciated both domestically and globally, and supplies high quality spinnerettes in various shapes for high-functional and conjugated fibers to customers world-wide. While the market for spinnerettes is expected to steadily expand with increase in the demand for synthetic fibers backed with economic growth of emerging countries, Kasen Nozzle plans to further expand its market share through the expansion of factory and production facilities of PTKI established in 1995 in Indonesia. Thus, this loan will contribute to the maintaining and strengthening of the international competitiveness of Japanese industries, through supporting Kasen Nozzle's overseas business deployment.
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.
- *1 A spinnerette is a nozzle with a fine round hole or odd-shaped hole used for the production of synthetic fiber pushing raw fiber material such as polyester or nylon through the nozzle hole.