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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to USD5,900 thousand (JBIC portion) with NUKABE MEXICANA, S.A. DE C.V., a Mexican subsidiary of Nukabe Corporation (Nukabe; Headquarters: Gunma Prefecture; President: Noriyoshi Nishida). The loan is cofinanced with private financial institutions.
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This loan is intended to finance the automotive parts manufacturing and sales business conducted by NUKABE MEXICANA, S.A. DE C.V. in the State of Guanajuato, Mexico.
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Nukabe, a small and medium-sized enterprise (SME) engaged in manufacturing and sales of automotive parts, has established a global production system with its local subsidiaries in China and the U.S. Nukabe seeks to expand its business, through NUKABE MEXICANA, S.A. DE C.V., in Mexico, which is rapidly growing as an automobile production hub for the North American market, and where demand for automotive parts is expected to continue to increase. Through the support of such overseas business deployment of Nukabe, this financing will 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 companies, including mid-tier enterprises and SMEs, in growing markets such as Mexico, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.
