- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
April 27 , 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement totaling up to USD175 thousand (JBIC portion) with Hayashi Plastic Magnet Technology (Kunshan) Limited (HTKS), a Chinese subsidiary of Hayashi Techno Co., Ltd. (Hayashi Techno; Headquarters: Nagano Prefecture; President: Fumiaki Hayashi). The loan is the first cofinancing with THE NAGANO BANK LTD.
The loan is intended to finance HTKS's plastic magnet manufacturing and sales business in Kunshan, Jiangsu province, China. The funds will be used for the expansion of its factory and production facilities.
Hayashi Techno is a small and medium-sized enterprise (SME) engaged in the manufacture and sales of plastic magnets and plastic molded products for air-conditioners and automobile parts. The company plans to expand its business through HTKS in China where demand for air-conditioning is expected to expand on the back of economic growth. The loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting the overseas business deployment of Hayashi Techno.
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 China, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.