- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
June 26, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed a loan agreement on June 25 amounting up to USD2.8 million (JBIC portion) with UCHIYAMA VIETNAM INC. (UVI), a Vietnamese subsidiary of Uchiyama Manufacturing Corp. (UCHIYAMA MANUFACTURING; Headquarters: Okayama Prefecture; Presiden & CEO: Kenzo Uchiyama). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd.
The loan is intended to finance the automobile parts manufacturing and sales business of UVI in Binh Duong Province, Vietnam. The fund will be used for the expansion of production facility*1.
UCHIYAMA MANUFACTURING, established in 1898, is a small and medium-sized enterprise (SME) manufacturing and selling industrial rubber products, with the advanced technology in manufacturing bearing seals and gaskets mainly for automobiles. The company established UVI in Vietnam in 2000, and plans to expand its market share through the expansion of production facility, while automobile parts market is expected to grow centering on the Asian region against the backdrop of steady economic growth. Thereby, the loan will contribute to maintaining and strengthening of the international competitiveness of Japanese industries through supporting the overseas business deployment of UCHIYAMA MANUFACTURING.
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 Vietnam, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.
- *1 In June 2014, JBIC also signed a loan agreement for USD4.9 million to finance UVI's production facility expansion. For more detail, see Press Release on June 19, 2014.