- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
September 25, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today two loan agreements totaling USD3,920 thousand (JBIC portion) with Tentac Co., Ltd. (TENTAC; Headquarters: Tokyo; President & CEO: Junichi Haga). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd.
The loan is intended to finance the production and sales of labels for clothing in Shanghai by TENTAC's Chinese subsidiary, TENTAC (SHANGHAI) CO., LTD. (SHANGHAI TENTAC). The funds will be used to invest in additional facilities at its production plant.
TENTAC, a small and medium-sized enterprise (SME) which produces and sells labels for clothing, established SHANGHAI TENTAC in October 1994 responding to the business expansion of Japanese clothing retailers in China. The company seeks to further expand its business by enhancing the production capacity of SHANGHAI TENTAC and bringing Radio Frequency Identification (RFID) tags*1 into mass production. Through the support of such overseas business deployment of TENTAC, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries.
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 markets such as China, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.
- *1 A tag with an IC chip embedded; RFID enables batch scanning of multiple tags within the range of their radio frequencies, while barcodes need to be scanned one by one.