- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
June 8, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to USD17.5 million (JBIC portion) with PT. ROKI INDONESIA (ROKIID), an Indonesian subsidiary of ROKI Holdings Co., Ltd (ROKIHD; Headquarters: Shizuoka Prefecture; President & CEO: Takaya Shimada). The loan is cofinanced with a private financial institution.
The loan is intended to provide the necessary funding for the expansion of ROKIID's automobile parts production facility.
ROKIHD, a mid-tier enterprise manufacturing and selling automobile parts, established ROKIID in Jawa Barat, Indonesia, in September 2001. The company plans to expand its business through the expansion of ROKIID's production capacity in Indonesia where demand for automobiles is expected to increase on the back of continued economic growth. Thereby, the loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting the overseas business deployment of ROKIID.
As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese companies, including mid-tier enterprises and small and medium-sized enterprises (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.