- Region: Latin America and the Caribbean
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
April 30, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today two loan agreements, totaling up to USD28,875 thousand (JBIC portion) with The Hiroshima Bank Ltd., based on a previously signed credit line*1 to support the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (collectively SMEs).
The loans under the credit line are intended to provide the necessary funding for the manufacturing and sales business of automobile parts by HAL ALUMINUM MEXICO, S.A. DE C.V., a Mexican subsidiary of HIROSHIMA ALUMINUM INDUSTRY CO., LTD. (Headquarters: Hiroshima Prefecture), and by ASAHI ALUMINIUM MEXICO, S.A. DE C.V., a Mexican subsidiary of Asahi Aluminium Co., Ltd. (Headquarters: Hyogo Prefecture) for USD21,000thousand and USD7,875 thousand (JBIC portions) respectively.
Under the credit line, JBIC will support the overseas business deployment of Japanese SMEs, by providing adequate and rapid response to their financial needs for overseas business deployment in developing regions and extending long-term funds in local currency through Japanese financial institutions. Thus, this loan 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 SMEs, by collaborating with regional financial institutions, thereby maintaining and strengthening the international competitiveness of Japanese industries.