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Loan for Commissioned Manufacturing and Sales Business of Electronic Boards for Automotive Equipment of Mexican Subsidiary of SIIX Corporation
Supporting Overseas Business Expansion of Japanese Company

  • Region: Latin America and the Caribbean
  • Manufacturing and Services
  • Overseas Investment Loans
April 14, 2022
  1. The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed a loan agreement*1 amounting to up to USD30 million (JBIC portion) with SIIX EMS MÉXICO, S. DE R.L. DE C.V. (SEM SRL), a Mexican subsidiary of SIIX Corporation (SIIX). The loan is co-financed with Sumitomo Mitsui Banking Corporation, bringing the total co-financing amount to USD50 million.
      
  2. The loan is intended to finance the funds necessary for SEM SRL to conduct the business of contract manufacturing and sales of electronic circuit boards for automotive equipment. In March 2014, JBIC provided a loan*2 for SIIX’s US subsidiary to found SEM SRL.
      
  3. SIIX is the leading company in electronics manufacturing services (EMS) in Japan with 25 bases in 15 countries. As companies including Japanese ones that are expanding their businesses to Mexico are increasingly outsourcing EMS for electrical components to be used in automotive equipment and EVs, SIIX decided to increase its manufacturing lines of electronic circuit boards for automotive exteriors. The loan will support SIIX’s overseas business expansion, thereby contributing toward maintaining and improving the international competitiveness of Japanese industry.
      
  4. 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.
      
Note
  1. *1 
    The loan agreement was signed on December 27, 2021.
  2. *2 

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