- Region: North America
- Manufacturing and Services
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed today a loan agreement amounting to USD70 million (JBIC portion) with Asahi Holdings, Inc. (Asahi Holdings). The loan is co-financed with private financial institutions*1, bringing the total co-financing amount to USD117 million.
The loan is intended to finance, through Asahi Holdings, the funds necessary for Asahi Refining Canada Ltd. (ARC) and Asahi Refining USA Inc. (ARU), which are a Canadian company and a US company wholly owned by Asahi Holdings, to conduct the precious metals refining business.
ARC and ARU hold a large share in the world’s gold and silver refining from mines in the Americas, and their precious metals refining business is one of the important areas for Asahi Holdings’ business strategy. The loan will support Asahi Holdings’ 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.