- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
Octorber 26, 2015
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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today two loan agreements amounting up to approximately USD1,255 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. Both loans are cofinanced with private financial institutions.
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The two loan agreements signed under this credit line will secure funding from SMFLIN in lease financing for the facilities required by the following business operations:
- Automotive parts manufacturing and sales business of PT. Mizushima Metal Works Indonesia, an Indonesian subsidiary of MIZUSHIMA PRESS KOGYO Co., Ltd. (Headquarters: Okayama prefecture)
- Automotive parts manufacturing and sales business of PT. NT Indonesia, an Indonesian subsidiary of NT SEIMITSU CO., LTD (Headquarters: Aichi prefecture)
- Automotive parts manufacturing and sales business of PT. Mizushima Metal Works Indonesia, an Indonesian subsidiary of MIZUSHIMA PRESS KOGYO Co., Ltd. (Headquarters: Okayama prefecture)
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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 flexibly provide long-term foreign currency funds for finance leases required for the business operations of mid-tier enterprises and SMEs in Indonesia, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs. Thereby, contributing to maintaining and strengthening the international competitiveness of Japanese industries.
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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.