- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 24, 2015
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement in the amount of USD3,150 thousand (JBIC portion) with YOTSUGI CO., LTD. (YOTSUGI; Headquarters: Osaka; Director President: Naoto Yotsugi). The loan is cofinanced with Sumitomo Mitsui Banking Corporation.
This loan is intended to finance the insulating equipment production and sales business conducted by YOTSUGI's Vietnamese subsidiary, YOTSUGI VIETNAM CO., LTD. (YSV), in Hung Yen Province.
YOTSUGI is a small and medium-sized enterprise (SME) engaged in the production and sales of insulating equipment. In anticipation of increasing demand for insulating equipment backed by Asia's economic growth, YOTSUGI established YSV, its first overseas base, and seeks to expand its business in the ASEAN region. Through the support of such overseas business deployment, 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 markets such as Vietnam, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.