Loan for Vessel Navigation Equipment Manufacturing and Sales Business of Nisshinbo Holdings’ Dutch Subsidiary
Supporting Overseas Business Expansion of Japanese Company
- Region: Europe
- Machinery and Equipment
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed on March 18 a loan agreement amounting to up to EUR8 million (JBIC portion) with Alphatron Marine Beheer B.V. (AMB), a Dutch subsidiary of Nisshinbo Holdings Inc. (Nisshinbo). The loan is co-financed with Mizuho Bank, Ltd., bringing the total co-financing amount to EUR13.5 million.
The loan is intended to partially provide the funds required by AMB to conduct the business of manufacturing and sales of its products including vessel navigation equipment.
AMB, headquartered in the Netherlands, which is one of the major markets of vessel navigation equipment with the port of Rotterdam, one of the largest ports in Europe, manufactures and sells a variety of products including such equipment. The loan will support the Japanese company’s overseas business expansion, thereby contributing toward maintaining and improving the international competitiveness of Japanese industry.
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 for structuring projects and by performing its risk-assuming function.