- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
September 30, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement in the amount of USD1,050,000 (JBIC portion) with JAPAN METAL GASKET Co., Ltd. (Japan Metal Gasket; Headquarters: Saitama Prefecture; President: Koji Ueta). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd., bringing the total cofinancing amount to the equivalent of USD1,500,000.
This loan is intended to finance the metallic gasket manufacturing and sales business of PT. BITECH JAPAN GASKET (BJG), a joint venture of Japan Metal Gasket and Hamamatsu Gasket Corporation (Hamamatsu Gasket) in the Republic of Indonesia (Indonesia).
Japan Metal Gasket, a small and medium-sized enterprise (SME) conducting the manufacturing and sales business of metallic gaskets, established BJG with Hamamatsu Gasket as a manufacturing and sales base for the Indonesian market, backed with growing demand for motorcycles in Indonesia. The company plans to further expand its business by expanding sales to globally deploying motorcycle manufacturers. Thus, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries by supporting the overseas business deployment of Japan Metal Gasket.
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, by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function.