MenuClose

  • JP
  • SearchClose
Home
About JBIC
About JBIC

This page introduces information on JBIC's role and organization.

Close

Support Menu
Support Menu

JBIC offers a range of financial products and other services to our clients.

Close

Business Areas
Business Areas

Information about JBIC's activities in each business area and its efforts for environmental conservation.

Close

Public Information
Public Information

Various reports compiled and contributed by JBIC

Close

Press Releases
Press Releases

Close

Investor Relations
Investor Relations

This page introduces information on JBIC's investor relations.

Close

Individual Agreements Based on Credit Line for SMFL Subsidiary in Indonesia
Supporting Overseas Business Deployment of Mid-Tier Enterprises and SMEs by Promoting Finance Leases

  • Region: Asia
  • Manufacturing and Services
  • Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
  • Overseas Investment Loans
 
January 28, 2016
  1. The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today three loan agreements amounting up to approximately USD2,596 thousand (JBIC portion) with PT. SMFL Leasing Indonesia (SMFLIN), an Indonesian subsidiary of Sumitomo Mitsui Finance and Leasing Company, Limited. These agreements are based on a credit line*1 for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs), previously signed with SMFLIN. All of these loans are cofinanced with private financial institutions.
     
  2. The three loan agreements will secure funding from SMFLIN in lease financing for the facilities required by the following business operations:
     
    • Specialty paper production and sales business of PT. E-Pack Indonesia, an Indonesian subsidiary of E-Pack Corporation (Headquarters: Osaka)
       
    • Disposable diaper film production and sales business of PT. Yamatogawa Indonesia, an Indonesian subsidiary of YAMATOGAWA SHIKO CO., LTD. (Headquarters: Osaka)
       
    • Automotive plastic parts manufacturing and sales business of PT. Taiyo Katecs Indonesia, an Indonesian subsidiary of TAIYO SANGYO CO., LTD. (Headquarters: Aichi prefecture)
       
  3. In recent years, against the background of robust economic growth in Indonesia, Japanese companies have been accelerating their business expansion, with mid-tier enterprises and SMEs also showing a growing interest in investing in the country. Accordingly, demand and interest for finance leases for capital investment by Japanese mid-tier enterprises and SMEs are growing. Loans under the credit line will flexibly provide long-term foreign currency funds for finance leases required for the business operations of such mid-tier enterprises and SMEs, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs, thereby contributing to maintaining and strengthening the international competitiveness of Japanese industries.
     
  4. As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese mid-tier enterprises and SMEs, with a view to maintaining and strengthening the international competitiveness of Japanese industries.
Note
  1. *1 See Press Release on October 31, 2014.

Related Information

Search press releases

Fiscal Years
Sectors
Region
Finance Menu