- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement in the amount of USD2,250 thousand (JBIC portion) based on a credit line*1 for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs) already signed with The Bank of Yokohama, Ltd.
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This loan agreement will provide the funds necessary for the cold-drawn steel pipe manufacturing and sales business conducted by PHILIPPINE NISHIYAMA PIPE MFG. INC., a Philippine subsidiary of NISHIYAMA SEISAKUSHO Co., Ltd. (Headquarters: Kanagawa Prefecture).
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Loans under the credit line will flexibly provide, through a Japanese financial institution, long-term foreign currency funds required by the business operations of mid-tier enterprises and SMEs conducted in developing regions, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs. These loans will thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries.
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As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese mid-tier enterprises and SMEs in collaboration with regional financial institutions in Japan, with a view to maintaining and strengthening the international competitiveness of Japanese industries.