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Individual Agreements Based on Credit Line for SMFL's Subsidiary in Indonesia
Supporting Overseas Business Deployment of Mid-Tier Enterprises and SMEs by Promoting Finance Lease

  • Region: Asia
  • Manufacturing and Services
  • Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
  • Overseas Investment Loans

July 23, 2015
  1. 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.
     
  2. 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.
       
  3. 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.
     
  4. 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.
Note
  1. *1 See Press Release on October 31, 2014.

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