-
The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed on December 28 a loan agreement amounting to up to USD20 million (JBIC portion) with Topy Industries, Ltd. (Topy Industries). The loan is co-financed with Mizuho Bank, Ltd., bringing the total co-financing amount to USD40 million.
-
The loan is intended to finance part of the funds necessary for Topy Industries’ US subsidiary Topy America, Inc. (Topy America) to conduct the business of manufacturing and sales of a variety of products including steel automobile wheels.
-
Topy America manufactures and sells a wide range of products including automobile wheels in the United States, which is one of the world’s leading automotive markets, and the company is aiming to continue to increase orders, accommodating customers’ needs. The loan will support Topy Industries’ 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 and by performing its risk-assuming function.
