- Region: Latin America and the Caribbean
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
July 21, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement totaling up to USD4,670 thousand (JBIC portion) with SURTEC & SUZUKI TECHNOLOGY MEXICANA S.A. DE C.V. (SSM), a Mexican subsidiary of SURTECHKARIYA Co., Ltd. (SURTECKARIYA; Headquarters: Aichi Prefecture; President: Koichi Takeuchi). The loan is cofinanced with The Hekikai Shinkin Bank.
The loan is intended to finance the automobile parts surface treatment business of SSM in the State of San Luis Potosí, Mexico. The funds will be used for the construction of a new factory.
SURTECKARIYA is a small and medium-sized enterprise (SME) involved in the automobile parts surface treatment business and the company has been building a global production system with local subsidiaries in China and Southwest Asia, etc. The importance of Mexico as a manufacturing base in North America is increasing and demand for automobile parts is expected to expand. Under these circumstances, the company plans to expand its business through SSM in Mexico, responding to the needs of major customers. Thereby, the loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through supporting the overseas business deployment of SURTECKARIYA.
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 Mexico, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.