- Region: Latin America and the Caribbean
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement in the amount of approximately USD11,812 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 the Hiroshima Bank, Ltd.
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This loan agreement will provide the funds necessary for the automotive parts manufacturing and sales business conducted by HIRUTA MEXICO, S.A. DE C.V. (HMX), a Mexican subsidiary of HIRUTA KOGYO CO., LTD (Headquarters: Okayama Prefecture). *2
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The loan under the credit line will flexibly provide, through a Japanese financial institution, long-term foreign currency funds required for the business operations of mid-tier enterprises and SMEs conducted in developing regions, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs. This loan will thereby contribute 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 in collaboration with regional financial institutions in Japan, with a view to maintaining and strengthening the international competitiveness of Japanese industries.
Note
- *1 See Press Release on January 15, 2015.
- *2 JBIC signed a loan agreement in the amount of USD8,000 thousand in March 2014 to provide funds for the establishment of HMX. See the Press Release on March 13, 2014 for details.