Loan for Manufacturing and Sales Business of Analyzers and Measuring Equipment by HORIBAs Chinese Subsidiary
Supporting Overseas Business Expansion of Japanese Company through Local Currency Denominated Financing under the Growth Investment Facility
- Region: Asia
- Manufacturing and Services
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC, Governor: MAEDA Tadashi) signed today a loan agreement amounting to up to RMB130 million (JBIC portion) with HORIBA Instruments (Shanghai) Co., Ltd. (HISC), a Chinese subsidiary of HORIBA Ltd. (HORIBA). The loan is provided under JBIC’s Growth Investment Facility*1
and is co-financed with private financial institutions.
This local currency denominated loan is intended to provide the funds necessary for HISC to conduct the manufacturing and sales business of various instruments, including analyzers and measuring equipment for New Energy Vehicles (NEV).
HORIBA globally manufactures and sells various instruments such as automotive emission measurement systems, environmental measuring instruments, medical diagnostic systems, measuring equipment used in the semi-conductor industry, and scientific analyzers. It established HISC in 2002 to enhance its business in the Chinese market. HISC, whose new facility will be completed in the Jiading District of Shanghai, which is China’s NEV development hub, will develop and manufacture evaluation systems for fuel cells and batteries as well as gas and water quality monitoring instruments, among others. The loan will support HORIBA’s overseas business expansion and will contribute to maintaining and strengthening the international competitiveness of Japanese industry.
As Japan's policy-based financial institution, JBIC will continue to support the overseas business expansion of Japanese companies by drawing on its various financial facilities and schemes for structuring projects, including local currency loans, and performing its risk-assuming function.