Loan for Manufacturing and Sales Business of Polycarbonate Sheets by C.I. TAKIRON in China
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 on October 30 a loan agreement amounting to up to approximately RMB14 million (JBIC portion) with TAKIRON PLASTICS (Changzhou) Co., Ltd. (TKPC), a Chinese subsidiary of C.I. TAKIRON Corporation (C.I. TAKIRON). The loan is provided under JBIC’s Growth Investment Facility*1
and is co-financed with Sumitomo Mitsui Banking Corporation, bringing the total co-financing amount to RMB24 million.
This local currency denominated loan is intended to provide the funds necessary for TKPC to manufacture and sell its products, such as polycarbonate sheets.
C.I. TAKIRON operates global manufacturing, processing, and sales businesses for a variety of products, mainly plastic materials. Its key products are construction, environmental, and high functional materials, as well as specialty films. In 2014, C.I. TAKIRON established TKPC in China, where numerous production centers for mobile phones, including smartphones, are located. The company aims to expand C.I. TAKIRON’s sales channels in the Chinese market with its strengths of fast delivery and competitive prices. This loan supports such overseas business of C.I. TAKIRON, thereby contributing 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.