- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
July 23, 2015
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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today five loan agreements amounting up to about USD2,680 thousand (JBIC portion) based on a credit line*1 for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs) already signed with PT. SMFL Leasing Indonesia (SMFLIN), an Indonesian subsidiary of Sumitomo Mitsui Finance and Leasing Company, Limited. The loans are cofinanced with private financial institutions.
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The following individual loan agreements signed under this credit line will secure funding from SMFLIN in lease financing for the facilities required to conduct their businesses.
- PT. Surteckariya Indonesia, an Indonesian subsidiary of SURTECKARIYA Co., Ltd. (Headquarters: Aichi Prefecture), for the automobile parts surface treatment business.
- PT. UMETOKU INDONESIA ENGINEERING, an Indonesian subsidiary of Umetoku Co., Ltd. (Headquarters: Osaka), for the specialty steel heat and surface treatment business.
- PT. Tsuchiya Manufacturing Indonesia, an Indonesian subsidiary of Tsuchiya Co., Ltd. (Headquarters: Aichi Prefecture), for the automobile parts coating business.
- PT. Hiraokabody International Technology, an Indonesian subsidiary of HIRAOKA BODY Co., Ltd. (Headquarters: Shizuoka Prefecture), for the automobile parts manufacturing and sales business.
- PT. Greenland Metal Stamping Indonesia, an Indonesian subsidiary of Miyagami Seisakusyo Co., Ltd. (Headquarters: Aichi Prefecture), for the automobile parts press processing business.
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In recent years, against the background of robust economic growth in Indonesia, Japanese companies have been accelerating their business expansion, with mid-tier enterprises and SMEs also showing growing interest in investing in the country. Accordingly, demand for finance leases for capital investment by Japanese mid-tier enterprises and SMEs is growing. The loans under the credit line will provide long-term foreign currency funds flexibly for finance leases required by business operations of mid-tier enterprises and SMEs conducted in Indonesia and other countries, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs. Thereby, this will contribute to maintaining and strengthening the international competitiveness of Japanese industries.
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As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese mid-tier enterprises and SMEs, with a view to maintaining and strengthening the international competitiveness of Japanese industries.