- 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 totaling USD1,500,000 (JBIC portion) with EPOCH CO., LTD. (EPOCH; Headquarters: Tokyo; President and CEO: Michihiro Maeda). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd.
The loan is intended to finance EPOCH for the manufacturing and sales of toys conducted by EPOCH's Chinese subsidiary, EPOCH INDUSTRIAL CO., LTD (EPI). The funds will be used for additional facilities of its manufacturing plant.
EPOCH, a well-established toy maker, is expanding its global businesses by building sales networks in the US, Singapore and the Netherlands, and establishing its own manufacturing facility in China. Amid the active demand for toys in the upper-income class in North America, Europe and Asia, the company plans to further expand its manufacturing and sales business of toys by strengthening its manufacturing capacity at its own EPI plant in China, and providing products without losing business opportunities in the diverse region. Through the support of such overseas business deployment of EPOCH, 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 as well as small and medium-sized enterprises (SMEs), in growing markets by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function.