- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 7, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement in the amount of up to JPY50 million (JBIC portion) with PT. NISSHO INDUSTRY INDONESIA (NII), an Indonesian subsidiary of NISSHO INDUSTRY CO., LTD. (NISSHO INDUSTRY; Headquarters: Shizuoka prefecture; Representative Director: Hajime Tsunogai). The loan is cofinanced with The Shimizu Bank, Ltd.
This loan is intended to finance NII's automotive parts manufacturing and sales business. The funds will be used to invest in additional facilities at its manufacturing plant.
NISSHO INDUSTRY, a small and medium-sized enterprise (SME), manufactures and sells resin and pressed metal parts which are mainly used in automobiles. In November 2012, NISSHO INDUSTRY established NII in West Java Province, Indonesia, and, by enhancing NII's production capacity, seeks to expand the business in Indonesia where demand for automobiles is expected to increase in line with economic growth. Through the support of such overseas business deployment of NISSHO INDUSTRY, 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 Indonesia, by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function.