Loan for Processing and Sales Business of Steel for Metal Dies by Japanese Company in Indonesia
Supporting Overseas Business Deployment of Mid-Tier Enterprises and SMEs
- Region: Asia
- Machinery and Equipment
- 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 USD1,120 thousand (JBIC portion) with F&C Holdings Co., Ltd. (F&C; Headquarters: Aichi Prefecture; Chairman: Taketoshi Fujimaki). The loan is cofinanced with Sumitomo Mitsui Banking Corporation, bringing the total cofinancing amount to USD1,600 thousand.
The loan is intended to finance the processing and sales business of steel for metal dies by PT. FUJIMAKI STEEL INDONESIA (FSI), an Indonesian subsidiary of F&C.
F&C is a small and medium-sized enterprise (SME) conducting the processing and sales business of steel for metal dies, and plans further expansion of its business in Indonesia by establishing FSI as a processing and sales base for Indonesia and by expanding its sales to automobile parts makers that operate globally. Thereby, the loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting the overseas business deployment of F&C.
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, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.