Loan for Powder Metallurgy Die Manufacturing and Sales Business of Japanese Company in Indonesia
Supporting Overseas Business Deployment of Mid-Tier Enterprises and SMEs
- 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 to JPY200 million (JBIC portion) with ZENO TECH Co., Ltd. (Zeno Tech; Headquarters: Okayama Prefecture; Managing Director: Yasuhiro Kishimoto). The loan is cofinanced with the cooperation of The Hyakujushi Bank, Ltd. and The Chugoku Bank, Ltd.
This loan is intended to provide the necessary funds for Zeno Tech's Indonesian subsidiary, PT. ZENO TECH INDONESIA (ZTI), to conduct its powder metallurgy die manufacturing and sales business.
Zeno Tech, established in 1991, is a small and medium-sized enterprise (SME) whose core products are powder metallurgy dies and cold forging dies. In 2014, Zeno Tech set up ZTI in Indonesia, where demand for automobiles and motorcycles is expected to grow, with the aim of increasing its overseas market share of powder metallurgy dies through local production, and by applying its advanced technology to produce high-quality dies. Through the support of such overseas business deployment of Zeno Tech, 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 for structuring projects and performing its risk-assuming function.