- Region: North America
- Manufacturing and Services
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed a loan agreement*1 amounting to up to USD120 million (JBIC portion) with Teijin Holdings USA, Inc. (THUS), a US subsidiary of TEIJIN LIMITED (TEIJIN). The loan is co-financed with MUFG Bank, Ltd., Mizuho Bank, Ltd., and Sumitomo Mitsui Banking Corporation, bringing the total co-financing amount to USD200 million.
This loan is intended to provide, through THUS, the funds required by US subsidiaries of TEIJIN to conduct the manufacturing and sales of various products, including automotive composites. The loan follows a similar loan made to THUS in February 2021*2.
TEIJIN runs a wide range of businesses worldwide, such as manufacturing and sale of aramid fibers, carbon fibers, resin, and composites. The company supports the manufacturing and sales network of TEIJIN’s products in the Americas through THUS. The loan will support TEIJIN’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 and performing its risk-assuming function.