- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
November 18, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement amounting up to USD1,738 thousand (JBIC portion) with HIROYUKI INDUSTRIES (M) SDN. BHD. (HISB), a Malaysian subsidiary of HIROYUKI CO., LTD (HIROYUKI; Headquarters: Tokyo; President: Hidemi Ishimura). The loan is cofinanced with Resona Bank, Limited.
The loan is intended to finance the manufacturing and sales business of packaging products conducted by HISB in Johor State, Malaysia. The funds will be used for the expansion of its production facilities.
HIROYUKI is a small and medium-sized enterprise (SME) engaged in the wholesale business of packaging products. Logistic needs are increasing in Asia against the backdrop of economic growth in the region, and the demand for packaging products is expected to expand accordingly. Taking into account such circumstances, HIROYUKI seeks to expand its business via HISB. Through the support of such overseas business deployment of HIROYUKI, this financing 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 growing markets such as Malaysia, by drawing on its various financial facilities and programs for structuring projects and performing its risk-assuming function.