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Loan for Engineering Plastics Manufacturing and Sales of Daicel Corporation’s German Subsidiary
Supporting Overseas Business Expansion of Japanese Companies

  • Region: Europe
  • Manufacturing and Services
  • Overseas Investment Loans
February 9, 2021
  1. The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed a loan agreement*1 with TOPAS Advanced Polymers GmbH (TAPG), a German subsidiary of Daicel Corporation (Daicel). The loan is co-financed with MUFG Bank, Ltd.
      
  2. This loan is intended to provide funds required by TAPG to conduct the manufacturing and sales of Engineering Plastics in the Federal Republic of Germany.
      
  3. Daicel is a chemical manufacturer that was founded in 1919. It conducts a wide range of business globally, including manufacturing and sales of cellulosic derivatives, organic chemicals, and Engineering Plastics. Having acquired a business and established TAPG in 2005, Daicel began manufacturing and selling Engineering Plastics in multiple markets, including Europe. In Europe, which is oriented toward a material-cycle society, demand for these TAPG products is rising, as they help to make PET bottles for beverages and plastic film for packaging easier to recycle. This financing will help to extend the supply of products that increase recyclability, and it is therefore expected to contribute toward realizing a material-cycle society. The loan will also support Daicel’s overseas business expansion, thereby contributing toward maintaining and improving the international competitiveness of Japanese industry.
      
  4. As Japan’s policy-based financial institution, JBIC will continue to provide financial support to assist Japanese companies in the overseas expansion of their businesses by drawing on its various financial facilities and schemes and performing its risk-assuming function.
      
Note
  1. *1 
    The loan agreement was signed on January 29, 2021.

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