Loan for Engine Sales Business of Japanese Company in United States
Supporting Overseas Business Expansion of Japanese Company under the Growth Investment Facility

• Region: North America
• Manufacturing and Services
• Overseas Investment Loans

1. The Japan Bank for International Cooperation (JBIC, Governor: MAEDA Tadashi) signed on October 8 a US dollar denominated loan agreement with Yanmar America Corporation (YA), a US subsidiary of Yanmar Holdings Co., Ltd. (Yanmar). The loan is provided under JBIC's Growth Investment Facility^*1 and is co-financed with a private financial institution.
     
2. The loan is intended to provide the necessary funds for YA to sell its products, such as engines, in the United States.
     
3. Yanmar is a long-established diesel engine manufacturer that now utilizes its technologies to conduct a wide range of businesses, including manufacturing and sales of agricultural equipment, construction equipment, ships, and generators in addition to industrial engines. In 1981, Yanmar established YA, which sells engines, agricultural equipment, compact construction equipment, among others, in the US market. This loan will support Yanmar's overseas business expansion and will contribute to maintaining and improving the international competitiveness of the Japanese industry.
     
4. 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 and performing its risk-assuming function.
     

Note

1. *1 
   See Announcements on January 31, 2020 and May 1, 2020.