Loan for Production and Sales Business of Polyvinyl Chloride Stabilizer of Japanese Company in Brazil
Supporting Overseas Business Deployment of Mid-Tier Enterprises and SMEs
- Region: Latin America and the Caribbean
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to USD500 thousand (JBIC portion) with a Brazilian subsidiary of SUN ACE CORPORATION (SUN ACE; Headquarters: Kanagawa prefecture; President: Koji Yoshida), SUN ACE BRASIL INDUSTRIA QUIMICA E COMERCIO LTDA. (SABI). The loan is cofinanced with The Bank of Yokohama, Ltd. bringing the total cofinancing amount to USD1,500 thousand.
The loan is intended to finance the polyvinyl chloride stabilizer production and sales business of SABI. The funds will be used for the construction of its production plant.
SUN ACE is a small and medium-sized enterprise (SME) which has been conducting the production and sales business of industrial chemical products, including polyvinyl chloride stabilizer, since its establishment in 1940. After its advancement into Singapore in 1980, it has been expanding the business, such as by setting up production and sales bases around the globe. With an expectation that demand for industrial chemical products will remain steady in Brazil, SUN ACE plans to expand, through SABI, the production and sales of polyvinyl chloride stabilizer in Brazil, as well as in neighboring countries. Thereby, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries through the support of the overseas business deployment of SUN ACE.
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 growing markets such as Brazil, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.