- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
July 31, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement totaling to USD4,200 thousand (JBIC portion) with NAKAGAWA MFG. CO., LTD. (NAKAGAWA MFG; Headquarters: Saitama Prefecture; Representative Director & President: Yuzuru Isshiki). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd., bringing the total cofinancing amount to USD6,000 thousand.
The loan is intended to finance the label paper manufacturing and sales business of NAKAGAWA MFG. VIETNAM CO., LTD. (NMV), a subsidiary of NAKAGAWA MFG. in Vietnam. The funds will be used to expand its factory and production facilities.
NAKAGAWA MFG., a small and medium-sized enterprise (SME) manufacturing and selling label paper, established NMV in 2011 as a manufacturing and export base for label paper such as address labels to the U.S. and other countries. The company plans to further expand its business through the enhancement of NMV's production capacity and the expansion of sales to office supply manufacturers, responding to the growing demand for label paper in the U.S. Thus, this loan contributes to maintaining and strengthening the international competitiveness of Japanese industries, through supporting the overseas business deployment of NAKAGAWA MFG.
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, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.