- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 26, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement with Tatsumori Ltd. (Tatsumori; Headquarters: Tokyo; Representative Director: Masayuki Asahina). The loan is cofinanced with Resona Bank, Limited.
The loan is intended to finance Tatsumori for providing part of the funds required for acquiring shares of CEYLON QUARTZ INDUSTRIES (PRIVATE) LIMITED (CQI), a company in Sri Lanka, in which Tatsumori has an equity stake jointly with a local company.
Tatsumori is a small and medium-sized enterprise (SME) engaging in manufacturing and sales of silica*1 for filling materials*2 of semiconductors, and expanding its business into countries such as Malaysia, Sri Lanka and China with the aims of securing raw materials and expanding sales channels. By purchasing shares this time, Tatsumori acquired a majority of shares of CQI and the right of its management, and plans to move forward global business deployment, while making stable procurement of raw materials.
This loan will support overseas business expansion and new business deployment of medium enterprises and SMEs by supplying long-term funds required by them for overseas M&A activities, thereby contributing to maintaining and strengthening the international competitiveness of Japanese industries.
As Japan's policy-based financial institution, JBIC will continue to support overseas M&A activities of Japanese companies in cooperation with private financial institutions.