Indonesian Rupiah Loan for Automobile and Motorcycle Fastenings Manufacturing and Sales Business of Japanese Company in Indonesia
Supporting Overseas Business Deployment of Mid-Tier Enterprises and SMEs with Local Currency Loans
- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to IDR20 billion (JBIC portion) with PT. BOLTZ INDONESIA (PT. BZI), an Indonesian subsidiary of BOLTZ Corporation Limited (BOLTZ; Headquarters: Hyogo prefecture; President & CEO: Sunao Matsubayashi). The loan is cofinanced with The Senshu Ikeda Bank, Ltd., bringing the total cofinancing amount to approximately IDR29 billion.
This loan is intended to finance the automobile and motorcycle fastenings manufacturing and sales business conducted by PT. BZI in Karawang, West Java Province of Indonesia.
BOLTZ is a small and medium-sized enterprise (SME) engaged in the manufacturing and sales of fastenings, such as engine bolts and piston pins, for automotive parts including the engine, steering, and transmission. In August 2013, BOLTZ established PT. BZI in Indonesia, where demand for automobiles and motorcycles is expected to increase on the back of the country’s steady economic growth. BOLTZ seeks to increase its overseas fastening product market share through local production. Through the support of such overseas business deployment of BOLTZ by Indonesian rupiah loan, this financing will contribute to maintaining and strengthening the international competitiveness of Japanese industries.
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, including loans to meet the need for local currency funding, for structuring projects and performing its risk-assuming function.