- 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 JPY6,000 million (JBIC portion) with NIPRO CORPORATION (NIPRO). The loan is co-financed with Mizuho Bank, Ltd., and MUFG Bank, Ltd., bringing the total co-financing amount to JPY10,000 million.
The loan is intended to finance the funds necessary for NIPRO’s Vietnamese subsidiary, Nipro Vietnam Company Limited (NVC) to conduct the business of manufacturing and sales of medical devices.
Since its founding in 1954, NIPRO has been conducting business in the fields of medical devices, pharmaceuticals, and pharmaceutical packaging*1. NVC was founded in March 2017 as a manufacturing and sales base of medical devices such as aspiration catheters. It also manufactures and sells dialyzers*2, aiming to further expand its business. The loan will financially support NIPRO’s overseas business expansion, thereby contributing toward maintaining and improving the international competitiveness of Japanese industry.
By supporting NVC, the loan is also expected to contribute toward the resolution of social issues by helping to raise the level of health and hygiene in Asia.
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 and by performing its risk-assuming function.